Won’t somebody think of the gift card issuers
Thoughts
Al Lewis of Market Watch discussing the alleged stupidity of holiday presents:
But there are some economic inefficiencies to gift cards too. Among them: About 10% of gift-card value is never claimed, Waldfogel wrote, and retailers can’t book the unclaimed cards as revenues for years.
Yeah, people buying slivers of plastic for $50 and not redeeming them must be a real financial burden.
