Here’s why it’s important to know the people you’re giving Christmas gifts to. More than half of Americans will receive a gift they don’t want. The new forecast from Finder shows that unwanted presents will reach an all-time high this year, with an estimated $10.1-billion being spent on gifts headed for the closet. All in all, that means a billion dollar surge in wasted money for gifting. The most unwanted gifts are clothing and accessories. Household items and fragrances round out the top three. As far as how to get rid of the unwanted stuff, about four in 10 people are going to regift them.