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The Independent UK

National

Dee-Ann Durbin

The secret life of gift cards: Here's what happens to the billions that go unspent each year

National Retail Federation Ted Rossman Bankrate Starbucks

Copyright 2023 The Associated Press. All rights reserved

Gift cards make great stocking stuffers — just as long as you don't stuff them in a drawer and forget about them after the holidays.

Americans are expected to spend nearly $30 billion on gift cards this holiday season, according to the National Retail Federation. Restaurant gift cards are the most popular, making up one-third of those sales.

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