This is how much the average person will spend on graduation gifts this year


Graduation celebrations are in full swing across the country, and this year people are expected to spend more on graduates than ever before.

Americans are expected to spend $4.77 billion on electronics, gift cards, clothes and cards full of cash for graduates this year – an all-time high in the 10 years the National Retail Foundation has done its annual Graduation Spending Survey.

The average person will spend $102.50 on gifts for approximately two graduates, while adults ages 45-54 are expected to spend the most, averaging $126.43.

Last year, the average person planned to spend just under $98 on gifts, the survey shows.

More than half the people surveyed will be giving cash to graduates, with more than 40 percent of people giving a card. Thirteen percent plan to give clothing and more than 10 percent will buy electronics, the survey found.

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