Infographic: Gift Wrapping Statistics
Fun history behind gift wrap
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With approximately $2.9 billion of gift wrap and related accessories sold annually, according to Hallmark research, Americans have a lot of wrapping to do before this Christmas.
"Gift wrap is often the first thing purchased and the last thing cleaned up during the holiday season," said Charles Tran, founder of the credit card comparison website, CreditDonkey.com. "Savvy consumers know that after all the gifts are open, there are still bills left to be paid. It is important to make sure consumers have access to financial tools, services and information to make informed and responsible decisions on credit."
A survey commissioned by Scotch brand tapes revealed one in four people wrap their gifts one or two days before giving the gift. In a similar survey, 28% of Americans say that wrapping gifts put them more in the "holiday spirit" than shopping does.
With 14.1 million adults still carrying last year's holiday debt according to a recent survey by Consumer Reports, the experts at CreditDonkey.com recommend the following tips to help consumers stay out of debt this holiday season.
What are you wrapping up this holiday season?
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