Bankrate on LinkedIn: Do you have any unused gift cards? Bankrate’s Gift Cards Survey found…

Bankrate 19,106 followers 2w Report this post Do you have any unused gift cards?Bankrate’s Gift Cards Survey found that over 2 in 5 U.S. adults have at least one unused gift card, gift voucher, or store credit, totaling about $27 billion in outstanding value nationwide and the average amount per person totals $244. Over one-third of U.S. adults (34%) have lost money due to a gift card misstep like letting a gift card expire (20%), losing a gift card (17%), or having a store go out of business before they used their gift card (12%). Millennials are more likely to have lost money due to gift card mistakes than other generations, at 41% versus 36% of Gen Zers, 35% of Gen Xers, and 26% of baby boomers.When it comes to making sure these gift cards don’t go to waste, Bankrate Senior Industry Analyst Ted Rossman says “sometimes we’re our own worst enemy when it comes to gift cards. We relegate them to the back of our wallet or stuff them in a junk drawer, never to be seen again. It’s best to...