Consumers expected to spend $25.8 billion for Valentine’s Day this year; this averages to $185.81 per person

This Valentine's Day, consumers are expect to spend $185.81 each on average, nearly $8 more than over the past 5 years.

News 12 Staff

•

Feb 6, 2024, 11:18 AM

•

Updated 324 days ago

Share:

KIYC: Retailers crack down on return fraud amid expected $150 billion in holiday returns

3ds ago

0:21

FDA: More than 2 million cans of Jarritos Coconut Water recalled over seal concerns

5ds ago

0:51

Party City closing down all of its stores, company says

5ds ago

1:37

Friday's Mega Millions drawing offers estimated $1.15 billion jackpot

3h ago

1:26

Last-minute holiday shoppers visit The Westchester Mall for the perfect gift

2ds ago

1:11

Last-minute holiday shopping in full swing at Hudson Valley malls

2ds ago

2:03

KIYC: Retailers crack down on return fraud amid expected $150 billion in holiday returns

3ds ago

0:21

FDA: More than 2 million cans of Jarritos Coconut Water recalled over seal concerns

5ds ago

0:51

Party City closing down all of its stores, company says

5ds ago

Retailers and restaurants are ready to cash in on an expected $25.8 billion spending for Valentine's Day this year.

Consumers are expect to spend $185.81 each on average, nearly $8 more than over the past 5 years.

The top gifts include candy, greeting cards, flowers and jewelry, all which could reach record spending this year.

Valentine’s Day on a budget: Tips to create an inexpensive holiday

About a third of consumers plan to go out for dinner and other activities, totaling $4.9 billion. You can expect to see higher menu prices.

But remember, celebrating your significant other doesn't have to break the bank -- stick to a budget, redeem gift cards, or plan a romantic dinner at home.

More from News 12

0:35