Time was when popcorn poppers and clock radios ranked high among graduation gifts. These days, it’s cold hard cash. Nearly 60 percent (58.8 percent) of people conferring gifts on high school and college graduates this year will give money, and another 31.3 percent will give gift cards. A few graduates (11.5 percent) will receive gifts that go beep in the night — er, electronics. And 9.1 percent will receive clothes.
One third of Americans will buy at least one graduation gift this year, and the average consumer who will buy graduation gifts will fete two graduates, spending $51.05 on each gift.