Ted Rossman with Bankrate says it's a common practice. "About half of Americans have unused gift cards." Rossman says go through your purse, junk drawer coat pockets..."Especially at a time when everything seems to cost more --- you might as well take advantage of this money!" He says his study found out half of Americans have unused valid gift cards lying around - especially millennials and GenZ-ers. "In terms of the frequency of unused gift cards - it is most common among young adults! Boomers are doing the best at using them --- so we should take a lesson there. Maybe the best advice is, 'Just Use It!'
Inflation and High Gas Prices are Changing our Habits!
Rossman says if you have enough stuff already, don't want a free meal or movie - buy a gift. It's free money! Most don't have an expiration date. You could always sell them online!
And again, Rossman reminds you: It's a great way to fight inflation!
photo:Getty
Half of Americans have unused Gift Cards!