One of the best things about Christmas, especially when you’re a child, is receiving gifts. Particularly when you’ve carefully crafted your wishlist beforehand. You may not always get everything you want, but by and large, you grow up getting what you asked for.
Often as adults, that slowly stops happening happen. Even if the gifter means well, the end result can be the desire to give it away to someone else, as soon as possible (or — if it’s worth a dollar or three — to sell it instead). Indeed, even if inflation has cooled recently, prices have remained stubbornly high in 2024, offering the average American a financial incentive to regift or resell an unwanted gift — known as the ‘regifting economy.’
To figure out the value of America’s regifting economy, BadCredit.org surveyed 3,000 people to estimate the value of America’s regifting economy*. It turns out it’s pretty significant: the regifting economy is worth a staggering $11 billion for the whole country, with 43% of Americans (over 110 million people) admitting to regifting or reselling unwanted presents. California generates the biggest regifting economy, at $1,377,846,471.
North Carolina’s regifting economy also turns out to be substantial – when interviewed, 42% of North Carolinians say they plan on profiting from gifts received this festive season, equating to 3,521,535 regifters in the state. This means that North Carolina’s regifting/reselling economy is worth $368,000,363.
