Australians are wasting $70 million a year in unused gift cards.
A new study by comparison website finder.com.au showed that 14 per cent – or 2.6 million people - let the funds expire on gift cards in the past two years.
On average, Australians left $54 each on gift cards, but men were more wasteful, leaving $68 on the card on average, while women left $45.
Finder’s Bessie Hassan said consumers were giving retailers a free ride.
“Unlike cash, which can easily be spent, gift cards often fall between the cracks,” she said.