Most people enjoy getting money the most as a gift -- after all, you can use it for whatever you like! After money, gift cards are also a popular choice, or so you might have thought.
It turns out, that by one estimate, $41 billion worth of gift cards went unredeemed from 2005 to 2011. In 2012, TowerGroup, a research organization, cited that approximately $2 billion worth of gift cards would go unredeemed that year as well.
When gift cards expire, unredeemed, their value gets absorbed by retailers and the states in which the card was sold. In 2008, New York State collected $9.6 million in unused gift cards.
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