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