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Consumers are scrambling for ways to save money as inflation hovers around its highest level in four decades. One method to offset these surging prices is being overlooked: gift cards.
Almost half of all U.S. adults are hanging on to free money from unused gift cards or vouchers or have store credits stashed away, according to new data from CreditCards.com.
Each of those individuals is holding on to an average of $175, up from $116 in 2021.
If expanded to the entire U.S. adult population, that would equate to a total of about $21 billion, according to CreditCards.com.
INFLATION COSTING THE AVERAGE AMERICAN $717 A MONTH, ANALYSIS SHOWS