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Gift Card Spending on the Rise

About 80.6 percent of consumers will buy a gift card this holiday season—a 4 percent increase over last year, reports a National Retail Federation survey conducted by Prosper Insights & Analytics. An average of $163.16 will be spent on cards, most notably for department store and restaurants. Consumers 65 and older are expected to spend […]

About 80.6 percent of consumers will buy a gift card this holiday season—a 4 percent increase over last year, reports a National Retail Federation survey conducted by Prosper Insights & Analytics. An average of $163.16 will be spent on cards, most notably for department store and restaurants. Consumers 65 and older are expected to spend the most, the survey states.

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