What Americans think about giving cash as holiday gifts, according to a new AP-NORC poll
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What Americans think about giving cash as holiday gifts, according to a new AP-NORC poll
"Come New Year's Eve, she'll be fast asleep before 2026 rolls around. "At our age, we don't do anything," the retired bus driver said with a laugh of herself and her live-in partner. "He's set in his ways." They'll be joined by the 44% of Americans who say they won't stay up to greet 2026, according to the poll. About half of U.S. adults age 45 or older won't make it to midnight, compared with around one-third of adults under age 45."
"Cash is a safer gift for younger adults. The poll found about two-thirds of Americans under 45 say cash is a "very" acceptable holiday gift, compared with 55% of adults age 45 or older. "Everything's too expensive nowadays. And I don't want to go buy a gift for somebody and then it turns out they don't like it. So cash," said Gabriel Antonucci, 26, a ski resort cook in Alaska, about an hour outside of Anchorage."
About six in ten Americans say cash or gift cards are "very" acceptable as holiday presents. Acceptance is much lower for gifts that were purchased secondhand or re-gifted. Younger adults are more likely to prefer cash: roughly two-thirds of people under 45 rate cash as "very" acceptable compared with 55% of adults 45 or older. Forty-four percent of adults say they will not stay up to greet 2026, with about half of adults 45 and older and around one-third of adults under 45 indicating they will not make it to midnight. Cost concerns and gift mismatches motivate cash preferences.
Read at Boston.com
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