Valentine’s Day is the third-largest consumer holiday in the United States as shoppers spend more than $18 billion per year. Some love this holiday, while others choose not to participate. Howeverm there there’s no denying Valentine’s Day impacts on the U.S. economy.
WalletHub analyzed Valentine’s Day in the hopes of helping people embrace their feelings without dampening their wallets. Seeing what people do (or don’t do) in the name of love and how much they spend in the process can possibly make Valentine’s more enjoyable.
Valentine’s Day Fun Facts:
$18.2 Billion: Total Valentine’s Day spending projected for 2017.
$4.3 Billion: Will be spent by the 18.7% of celebrators who plan to buy jewelry.
$2 Billion: Will be spent by the 34.7% of celebrators who plan to buy flowers.
53 Percent: Share of women who said they would break up with their significant others if they receive nothing for Valentine’s Day.
20 Percent: Share of people who will buy Valentine’s Day gifts for their pets.