Source: Rubberball/Mark Andersen / Getty
via Cleveland19:
No one said love was cheap.
When Cupid’s arrow pierces your heart, it hits your wallet, too.
The National Retail Federation estimates Americans will spend $19.6 billion this Valentine’s Day.
That breaks down to each of us shelling out about $145 on gifts. That’s $7 more than last year’s average.
Here’s what we’re spending on each other:
- significant others – $89
- kids and parents – $25
- friends and teachers – $7
- pets – $6
That’s probably why retailers love the holiday.
Here’s what we’ll spend our money on:
- jewelry – $4.7 billion
- a night out – $3.7 billion
- flowers – $2 billion
- clothing – $1.9 billion
- candy – $1.8 billion
- cards – $894 million
All in all, it makes for one sweet celebration.
LOCAL NEWS: Valentine’s Day Is Sweet For Retailers was originally published on praisecleveland.com
