Paper and plastic. U.S. consumers seeking gifts for the Class of 2008 plan to give cash gifts and gift cards for high school and college graduations. According to a National Retail Federation survey, 56.8 percent will give cash to grads and 32.2 percent will give a gift card. Other favorites are greeting cards (35.6 percent), electronics (11.6 percent) and clothing (10.8 percent). Note that the percentages do not total to 100 percent because respondents can give more than one type of gift.
In all, one-third of Americans (32.4 percent) have, on average, two graduates on their gift list in May and June. Together we will spend $4.37 billion on graduation gifts this year, or about $52 per graduate.
Tags: clothing, for grads, gadgets, gift cards, money gifts, shopping, surveys
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