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45% of Georgians admit to re-gifting or selling unwanted presents.
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Though 1-in-3 believe it is morally wrong to sell or re-gift.
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Interactive map showing the value of each state’s re-gifting economy.
The anticipation of Christmas and the excitement of unwrapping presents never grows old. But, as adults, the charm of the holiday sometimes brings a few less-than-perfect gifts— sure, sometimes Grandma’s itchy sweater or that unsolicited diet book makes us scratch our heads, but it’s all part of the holiday fun. It’s no shock then that the market for passing on these gifts has seen a boom. Many opt to regift or sell unwanted items, sparking a fascinating trend in the gifting economy.
DodoBurd.com recently carried out a study to determine the national overall and local size of each state’s regifting economy during the festive period. They found that nationally, this festive exchange is worth a staggery $17 billion. 43% percent of respondents admitted to having sold or regifted a present they had received, at an average value of $123.
When analyzed on a state level, it was found that, unsurprisingly (given its larger population), California is the king of the gift swap with a whopping $2 billion market, whereas Delaware’s was the smallest at $17 million.
However, when Dodo Burd weighed each state by population, it was found that it was Rhode Islanders who are the biggest re-gifters, where 83% admit to doing this.
Georgia’s re-gifting economy is sizeable too – 45% of Georgians admit to selling on or gifting unwanted presents, making the size of it’s re-gifting economy a whopping $602,779,138.
Top 5 Regifting States:
1. Rhode Island: 83%
2. Nevada: 59%
3. New York: 56%
4. Arizona: 54%
5. Utah: 53%
Interactive map showing the size of each state’s re-gifting economy (click on ’embed’ to host on your site)
Dodo Burd decided to delve a bit deeper into people’s regifting habits, and uncovered some interesting…
Read the full article here