Australians Leave $1.4 Billion Worth of Gift Cards Untouched: Study

A new study has found that Australians were wasting around $1.4 billion (US$920 million) in gift cards, as many of them were left unused or expired. The financial comparison website Finder surveyed 1,039 adults to learn more about gift card trends among Australians. The company found that over one in three respondents (35 percent) had at least one unspent gift card, with 24 percent having two or more. The average respondent had around $198 in unredeemed gift cards, with men having a higher balance than women. If this figure is applied to the broader population, Australians are currently sitting on an untouched amount of $1.4 billion. One in four respondents (24 percent), or an equivalent of 4.9 million people, said they wasted money on unspent gift cards for several reasons....