Numlock News: October 22, 2021 • Pelicans, T…

By Walt Hickey Have a great weekend! Gift Cards This year the amount spent on gift cards is expected to rise 27 percent this holiday season to $270 per person, with gift cards accounting for 40 percent of total gift purchases. In 2021, an estimated $28.2 billion was loaded onto generic gift cards, up from $19.8 billion in 2016 and a figure projected to rise to $30.2 billion. Globally the whole prepaid card business passed $2 trillion last year, and is projected to hit $4.7 trillion by 2027, but that encompasses a whole lot more than those $25 gift cards to Chili’s that serves as the standard American replacement-level gift.

Read →