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?

(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.

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