facebook
twitter
rss
account
search
search
 

Experts: 'Regifting' loses its stigma

Dec. 12, 2012 at 2:36 PM   |   Comments

SUGAR LAND, Texas, Dec. 12 (UPI) -- A Texas-based financial company said the economic downturn has transformed the practice of "regifting" from tacky to mainstream.

Joanne Kerstetter, vice president for financial education non-profit Money Management International, which operates a website devoted to "regifting," said the economic downturn has taken the taboo out of giving away possessions received as gifts, the Orlando (Fla.) Sentinel reported Wednesday.

"It's becoming more mainstream," Kerstetter said. "It's a way to help people save on holiday expenses. It is a method of recycling, and it's a way to take the emphasis off gift giving and (to bring back) the spirit of the holidays."

The company is offering advice on "regifting" at regiftable.com.

American Express said a recent survey determined about a third of consumers "regifted" during the holidays last year.

© 2012 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
Most Popular
1
Doctors remove 9-pound hairball from teenager's stomach Doctors remove 9-pound hairball from teenager's stomach
2
Teen 'Trojan Man' seeks apology from school Teen 'Trojan Man' seeks apology from school
3
10,000 pigeons get 'anal security check' in China 10,000 pigeons get 'anal security check' in China
4
German town pays alcoholic street cleaners in beer German town pays alcoholic street cleaners in beer
5
Nestle 'wins' German false advertising award Nestle 'wins' German false advertising award
Trending News
x
Feedback