How Much Do We Spend on Valentine’s Day?

Valentine’s Day is tomorrow, and consumers will spend an average of $142.31 each on the holiday. Total spending is expected reach $18.9 billion, according to a survey from the National Retail Federation.

Where are people buying these Valentine’s Day gifts? Mostly in-store, according to this source. Ninety-one percent of the holiday purchases take place in person, 22 percent are done online.

Also, consumers are not just spending money on their human significant other, but also buying V-day gifts for their pets. One in 5 dog and cat owners say they will buy a gift for their pet, spending about $5.28 on average for the gift.

Overall, those aged 18-24 and 45-54 are most likely to be celebrating the holiday tomorrow. Are you one of them?

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