PHILADELPHIA (CBS) – Experts say it’s a good time to be a grad!
The National Retail Federation says Americans are planning to spend about $4.77 billion on graduation gifts in 2015.
That’s the highest number in ten years.
The new survey also says the average gift-giver will spend about $102.50 and will shop for two graduates.
Adults 45-54 will shell out the most cash, and more than half of those polled said they’ll give grads cash.