Americans Will Spend Nearly $26 Billion On Valentine’s Day Despite Inflation And Recessionary Risk: Estimate

Americans Will Spend Nearly $26 Billion On Valentine’s Day Despite Inflation And Recessionary Risk: Estimate


Americans are expected to shell out roughly $25.9 billion on Valentine’s Day, marking one of the highest spending years on record despite inflationary pressures and the looming possibility of a recession, according to a survey from the National Retail Federation.

The average lovebird will spend $192.80 on their significant others, marking a 10% increase from $175.41 last year and the second-highest figure since the group began tracking spending on the holiday nearly two decades ago. Roughly $14 of the $17 rise in spending per consumer will be used for pets, friends, co-workers, and teachers rather than significant others.

“Valentine’s Day is a special occasion to shop for the people we care most about,” National Retail Federation President and CEO Matthew Shay remarked. “This year, as consumers embrace

Trending: How America’s FBI Is Starting to Look An Awful Lot Like the KGB

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Daily Truth Report • DailyTruthReport.com
Thanks for sharing!
Send this to a friend