Americans have a collective $21 billion in unspent gift cards

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Americans have a collective $21 billion in unspent gift cards
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Almost two-thirds of American consumers have at least one unspent gift card tucked away in a drawer, pocket, wallet or purse.

Some people love them, some people hate them. Worse, a large number of us who receive them on special occasions are indifferent to them, or even forget about them entirely.

And at least half of those consumers lose a gift card before they use it, according to a new report from Credit Summit, an online provider of financial advisory services. Listen now and subscribe: Apple Podcasts | Google Podcasts | Spotify | Stitcher | RSS Feed | Omny Studio "I thought with high inflation, people would go to town with their gift cards. but I was surprised," said Ted Rossman, a senior industry analyst with CreditCards.com and Bankrate.com.

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