There's no denying that love it or hate it, Valentine’s Day is the third largest consumer holiday in the United States based on the amount spent, according to the personal finance website WalletHub.
What Did You Buy Your Significant Other for Valentine's Day?
With $19.7 billion expected to be spent this year in Cupid's name, it's comes in just behind Mother's Day, when more than $21.2 billion is spent to tell Mom that she is loved. The most money spent is over the winter holidays at $630.5 billion.
This year, the average lovebird will spend $146.84 to show just how fat our hearts are, said WalletHub.
To help people embrace that loving feeling in a manner that’s safe for their wallets, WalletHub prepared the following Valentine’s Day By The Numbers, which showcases participation rates, spending trends and other fascinating tidbits about this romantic day:
- $19.7 billion: Total Valentine’s Day spending projected for 2016.
- $146.84: Average amount that Valentine’s Day revelers will spend in 2016.
- 53 percent: Women say they would break up with their significant other if they got nothing for Valentine’s Day.
- 14 million: Proposals are made on Valentine’s Day.
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