The investors you want to know are the ones who are willing to spend $500 on graduation gifts.
The minute you are done shopping for Mother’s Day, it’s time to get those graduation gifts.
From college to kindergarten, students graduate from school starting in mid-May and running through mid-June. Many expect gifts for their achievement, and sometimes those gifts are expected to be large.
A survey of affluent investors by Spectrem’s Millionaire Corner show that most investors are willing to shell out a little more for college graduation than high school graduation
Thirty-four percent of investors said they would give a gift valued at between $50-$100 for a college graduation gift. Twenty-three percent were willing to give a gift between $100-$150, and 11 percent thought a gift valued at between $150 and $200 was appropriate.
Thirty-three percent of males said they would spend $150 or more on a college graduation gift while only 20 percent of women felt that was appropriate.
RELATED: Who Gets Graduation Gifts?
Segmented by occupation, 41 percent of corporate executives said they would spend at least $150 on a college graduation gift, but only 31 percent of business owners said that was what they would do.
Only 3 percent of investors said they would not give a graduation gift and 5 percent said they would give a gift of more than $500.
High school graduation gifts do not reach the same range as college graduation gifts among affluent investors. Twenty-six percent of investors said they would offer a gift between $1 and $50 (only 12 percent of investors said that was appropriate for a college graduation gift).
Fifty-nine percent of investors said they would spend between $50 and $150 on a high school graduation gift. Only 11 percent of investors said they would spend at least $150 on a high school graduation gift.
Older investors saw $100 as a limit on high school graduation gifts. Seventy-four percent of investors over the age of 60 said they would stop at $100 while 64 percent of investors under the age of 40 were stopping at $100.
Kent McDill is a staff writer for Millionaire Corner. McDill spent 30 years as a sports writer, working for United Press International and the Daily Herald of Arlington Heights, Ill. From 1988-1999, he covered the Chicago Bulls for the Daily Herald, traveling with them every day through the nine-month season. He also covered the Bulls for UPI from 1985-88, and currently covers the team for www.nba.com. He has written two books on the Bulls, including the new title “100 Things Bulls Fans Should Know And Do Before They Die’, published by Triumph Books. In August 2013, his new book “100 Things Bears Fans Should Know And Do Before They Die” gets published.
In 2008, he resigned from the Herald and became a freelance writer. The Herald hired him to write business features and speeches for the Daily Herald Business Conferences and Awards presentations.
McDill also writes a monthly parenting column for the Herald’s Suburban Parent magazine.
McDill is the father of four children, and an active fan of soccer, Jimmy Buffett and all things Disney.