A recent survey shows that more than 3.5 million Michiganders plan to re-gift or sell their Christmas presents this year, contributing to a $368 million market. The high cost of living is cited as the main reason behind this trend, with 45% of Michigan residents looking to profit from unwanted gifts. Nationwide, the regifting economy is valued at $11 billion, with California leading the way. In Michigan, re-gifting is becoming a way to offset the strain of inflation, with many turning to resell or re-gift presents to make some extra cash.
Reporting for WGRT – JP bZet
