You're wasting money on unwanted gifts (2024)

You're wasting money on unwanted gifts (1)

Those novelty socks and that bedazzled scarf not what you were hoping for this holiday season?

You're not alone.

More than $9.5 billion is estimated to be wasted on unwanted gifts each year, a Finder.com surveyrevealed. Annually, theaverage person wastes $71 on gifts no one wants.

More than half of Americans, the survey said,don't like at least one gift every Christmas and receive about two undesirable gifts every year.

So what gifts strike out the most? Clothes and accessories weren't up to snuff for 46% of respondents. Household items were a far second, followed by cosmetics and fragrances, books and technology.

Who are these horrible gift givers? Our friends, it turns out. They're followedby parents, in-laws and then partners. We hate buying for our bosses the most, followed by our mothers-in-law, the survey found. About 1 in 5 people saidtheir significant other is "hopeless" when it comes to buying them a gift.

Some of the unfortunate gift giving isn't by mistake. One in 10 Americans — 21% of men and 8% of women —said they've purposely purchased a crummy gift.

But we can all say we love the family time and togetherness we feel each holiday season, right? Nope. About 4% of people said they don't like anything about Christmas.

About 1%said their favorite part of the holidays is getting drunk.

Follow Sean Rossman on Twitter: @SeanRossman

You're wasting money on unwanted gifts (2024)
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