Updated July 3, 2013

Infographic: Gift Wrapping Statistics

Fun history behind gift wrap
Read more about Credit Card Rewards

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.

(Click Image to Enlarge)
Infographics: Wrapping Up a Smile
Infographics: Wrapping Up a Smile © CreditDonkey

"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.

  • Use your rewards and points for holiday shopping. Make sure to use your reward points before they expire.
  • Many credit cards offer introductory bonuses upon first purchase. If you plan to pay off your balance in full, consider signing up for a credit card with an introductory bonus.
  • Some credit cards offer 0% introductory APR for a limited time. If you plan to carry a balance, consider comparing your existing cards APR to introductory offers. Make sure you pay off the balance before the introductory period ends.
  • The best gifts come from the heart. Consider making some of your holiday gifts. Or donate your time to help friends, family and causes you care about.
  • It's OK to re-gift new, unopened gifts in good condition - as long as you can avoid offending anyone and it's something the new recipient will love.

What are you wrapping up this holiday season?

Share this on Facebook or Twitter

Follow @CreditDonkey or write to Emma A at emma@creditdonkey.com

More Articles in Money Tips

Credit Card Rewards

Comments about Infographic: Gift Wrapping Statistics

  • Ashyia Hill
    on May 5, 2012 1:42 PM said:

    It's been years since I've gotten a fully-wrapped gift for Christmas. Most people used gift bags. I'll still wrap a gift (with wrapping paper purchased from a dollar store) with ribbon and tags, but for family only.

Comments may be filtered for language. CreditDonkey makes no guarantee of comments' factual accuracy. Some comments may be solicited, aggregated from external sources and/or compensated. Visitors may report inappropriate content by clicking the Report abuse link.

Name (required)
Email (required; won't be published)
Website (optional)

or you can also trackback from your blog.

Happiest Cities in California

California is home to some of the coolest industries - and by extension, some of the coolest jobs - in the world. But it’s still hard to drag yourself out of bed every morning if the pay isn’t that good, the job itself isn’t that fun, and the ...

About CreditDonkey®
CreditDonkey is a credit card comparison website. We publish data-driven analysis to help you save money & make savvy financial decisions.

Disclaimer: This content is not provided or commissioned by the credit card issuer. Opinions expressed here are author’s alone, not those of the credit card issuer, and have not been reviewed, approved or otherwise endorsed by the credit card issuer. This site may be compensated through the credit card issuer Affiliate Program.