Economics Behind Valentine’s Day a common trust that Valentine day is an Economics Behind Valentine’s Day holiday promoted by greeting card company, Russell Stover, and the likes of Victoria’s unknown to boost consumer spending.
Americans shell out billions of dollars every Economics Behind Valentine’s Day Data show exactly how that money is spread out.
Valentine’s Day Recovery Nearly Complete!
Data from the National Retail Federation show that spending took a suddenly during and after the Great Recession, falling from around $133 dollars per person in 2007 to $108 in 2010 (in 2012 dollars).
This year, customers will spend around $18.6 billion on Economics Behind Valentine’s Day, with the average person spending around $131, according to NRF survey data. Below, how that spending has different over a begins.
Definitely a Hallmark Holiday!
The most popular Valentine’s Day gift is a greeting card, with over half of customers planning to buy one. Candy is a close second, followed by flowers. Americans plan to spend over $4 billion on jewelry this Valentine’s Day. Economics Behind Valentine’s Day is a source of income.
Men Open Their Wallets!
According to NRF data, men spend nearly twice as much as women, bombing out around $175.61 compared to $88.78 for women.Economics Behind Valentine’s Day single men spent around $81 on average on Valentine’s Day 2010, far outstrip their married counterparts, as well as both married and single women, according to HealthDay.