Who says money can't buy love? Valentine's Day spending expected to be up this year
How much will you spend this Valentine's Day?
Posted: 02/07/2012
(WXYZ) - Americans plan on spending more on their sweethearts this Valentine's Day.
A survey by the National Retail Federation predicts the average person plans to spend $126 on their significant other, up nearly 9% from last year.
Overall, consumers are expected to shell out $17.6 billion for Valentine's Day.
Men are expected to spend close to $169, while women will spend $86 on their partner.
The National Retail Federation says purchases of the most popular gift, jewelry are expected to hit $4 billion.
Americans are expected to spend $3.5 billion on a special evening out on the town.
Consumers will also shell out big bucks for flowers, candy, clothing and gift cards.
Copyright 2012 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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