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Last minute gift ideas: Experiences rule

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Time is running out to take care of holiday errands, but there is a new trend of gift giving that doesn't involve any wrapping paper.

A new report from market research firm Mintel shows half of Americans prefer experience gifts to tangible ones. Those numbers are even higher for Gen-Z and Millennials.

Popular options include tickets to a concert or sporting event, cooking classes or even blowing off holiday stress in a "rage room."

Travel is another popular gift, and massages or manicures are presents that pamper.