•August 24, 2022•
Shopping is foremost on the minds of many people come the holiday season. When considering loved ones and acquaintances while making holiday shopping lists, tangible gifts, such as clothing or items for the home, may be the first things that come to mind. However, experiential gifts also merit consideration. Experiential gifts are those that focus on experiences rather than items. These can include anything from a horseback riding adventure to a spa day to concert tickets to getting behind the wheel of a race car. Experiential gifts can be tailored to people’s interests. A 2014 study by researchers at San Francisco State University showed people tend to realize greater well-being from life experiences and consider them to be a better way to spend their money. Overall satisfaction tends to be greater with gifted experiences than with material things. Furthermore, the Harris Group found that 72 percent of millennials actually want to spend more money on experiences rather than things. GG229230