3 ms·

Ready to cry a little bit? "47% of American adults have unused gift cards, and the total value of these unspent funds in the U.S. is around $23 billion." sourc

• pragma_x 2y ago
  Oh wow. And here I thought it was bad when someone stole my "dining dollars" card back in college.
• nine_k 2y ago
  Are these cards actually paid in advance? Or is much of their bulk effectively debt that would need to be repaid with a pretty low probability? See various coupons, mail-in rebates, points that you can only redeem in a particular store, etc. They look like a great deal, and are cheap to issue because only some of them are going to be redeemed.
  • gffrd 2y ago
    While it's not explicitly stated, the stats indicate this is gift cards that have been paid in advance. That means "Get $20 back when you spend $100" and "Get a $20 gift card when you spend $100" wouldn't be included. Not sure about "here's $20 to spend on your next visit"—I suspect that's really the same as the above, financially, just presented differently, in that there's not $20 sitting in 200,000 individual accounts waiting to be spent.