by Bee-Shyuan Chang Tue, Nov 17th 2009
Chances are you still have ununsed gift cards stashed in a drawer somewhere -- and the Federal Reserve isn't too happy about it. According to consulting firm TowerGroup, Americans spent $88.4 billion on gift cards in 2008 yet a whopping $6.4 billion went unused. And that's an improvement from the previous year, when $97 billion in gift cards were purchased but $8 billion weren't redeemed, reports the Wall Street Journal.
read more