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ROCKVILLE, Md., Sept. 27, 2018 /PRNewswire/ — More than a third of American consumers purchased allowance cards in the accomplished 12 months, according to analysis abstracts appear in the new Packaged Facts report, Prepaid and Allowance Cards in the U.S., 6th Edition.

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An aggregated $42 billion was spent on allowance cards over the accomplished year. Consumers spent $25 billion on allowance cards accustomed to others and $14 billion on allowance cards accustomed to themselves. Meanwhile, addition $3 billion account of allowance cards was accustomed to bodies by their employers.

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Reasons for giving allowance cards are as assorted as the alone allowance agenda purchasers themselves. What’s added bright are seasons and occasions during which bodies are best acceptable to accord allowance cards. In agreement of dollar value, Christmas stands out as the best accepted break and season.  

Packaged Facts estimates that Christmas accounts for 35% of allowance agenda absorb on others and 21% of absolute appear allowance agenda value. Mother’s Day is the alone added billion-dollar anniversary occasion. Among non-holidays, birthdays and allowance cards predictably accomplish a absolute pairing, as do allowance cards accustomed for graduations and weddings.

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About the Report

Prepaid and Allowance Cards in the U.S., 6th Edition covers trends abstraction the prepaid agenda market. This Packaged Facts address provides industry participants with a abundance of insights to advice them cross this bound alteration and growing market. For the purposes of this report, prepaid cards abide of closed-loop and open-loop (general-purpose) prepaid cards, including customer general-purpose reloadable, government-administered, payroll, healthcare, rewards and incentives, and allowance cards

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View added advice about Prepaid and Allowance Cards in the U.S., 6th Edition, including acquirement options, the abstract, table of contents, and accompanying letters at Packaged Facts’ website: https://www.packagedfacts.com/financial-services-market-c83/.

About Packaged Facts

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Packaged Facts, a analysis of MarketResearch.com, publishes bazaar intelligence on a advanced ambit of customer bazaar topics, including customer demographics and client insights, customer banking articles and services, customer appurtenances and retailing, and pet articles and services. Packaged Facts additionally offers a abounding ambit of custom analysis services. Letters can be purchased at our aggregation website and are additionally accessible through MarketResearch.com.

For added capital insights from Packaged Facts be abiding to chase us on Twitter and Google . Please articulation any media references to our letters or abstracts to https://www.packagedfacts.com/.

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Press Contact:

Daniel [email protected]

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View aboriginal agreeable to download multimedia:https://www.prnewswire.com/news-releases/us-consumers-spend-42-billion-on-gift-cards-according-to-packaged-facts-300715460.html

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SOURCE Packaged Facts

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