Consumers to spend less on graduation gifts, survey says

05/25/2011 | Palm Beach Post (Fla.), The

The recession has apparently taken a toll on graduation gift-giving, according to an annual NRF survey, and the economic boost from graduation spending has fallen to $3.87 billion from $4.5 billion in 2007. Only about 30% of consumers plan to give presents to graduating high school seniors this year and, while they'll spend about the same per student, they're cutting back on the number of graduates on their lists, said NRF's Kathy Grannis.

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Palm Beach Post (Fla.), The

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