Not only is college expensive–graduating college isn’t cheap either.
Especially for relatives.
While weddings, Father’s Day, and other cultural traditions take visible slices of our income, graduation gifts aren’t thought of as often in that regard.
While the amount spent annually on graduates is less than 25% of that spent on Mother’s Day, over $ 4 billion is no small sum in any context.
1. Only 33.7% of Americans will buy a graduation this year. This means the vast majority (approaching 70%) of people won’t.
2. Men spend more than women.
3. Gift giving is apparently not impacted by debt.
4. The average college senior will graduate with $4100 in credit card debt