Chances are, you’ve been re-gifted

December 18, 2007

Thursday is National Re-gifting Day (at least, according to Money Management International). After polling more than 1,000, MMI has drawn some conclusions about who you’re likely to re-gift and why.

1. Today, the majority of people (62 percent) say they re-gift because they think the gift is something the recipient would actually like. In 2005, just over half of respondents made that claim.

2. More than 4 in 10 people say they regift to save money - up from 33 percent in 2005.

3. 41 percent of re-gifters said coworkers were the recipients of their re-gifts (that’s right… the person sitting next to you). Only 12 percent of people said they re-gifted something for their significant other.

Alright, so we’ve realized maybe re-gifting isn’t the worst thing in the world. Curious about the etiquette? U.S. News & World Report says to make sure the gift is new, re-gifted to a different social circle than the one it came from, and most importantly: it will be liked.

Received a present that you don’t like? You can always host a re-gifting party (aka a White Elephant exchange) or “freecycle” it to people in your neighborhood.

JACKIE SAUTER, Multimedia Editor 

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