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While you're hurrying around picking up gifts in the last few days before Christmas, do you have any time to think about how much your relatives, or friends will actually value what you find? WePay, a Website that helps people collect, manage and spend money online, has analysed tons of research, reports and surveys from different sources, and the results were surprising!
Are Gift Cards a Good Idea?
Rather than give someone a gift that they might not like, it's better just to pick up a gift card so they can buy what they really want, right? Wrong. This year, $ 2.5 billion in gift cards went unspent. Of that amount, $1.3 billion went unspent because people didn't bother making the time. Another $ I billion or so was forgotten altogether.
How Much Do We Really Value the Gifts We're Given?
The lucky recipient of a gift, like a cashmere sweater, will value it less than the amount it was purchased for.
