Valentine’s Day is a wonderful opportunity to show your love and affection for loved ones, but many do not realize the costs that go hand-in-hand with this holiday. If you need a little something extra this year, contact us today to learn about our payday advances!
Here’s a look at love, romance and Valentine’s Day in numbers:
According to a survey conducted by BIGinsight, a consumer insights firm:
- The average person plans to spend $130.97 on candy, cards, gifts and more.
- Men will spend an average of $175.61, while women will spend roughly $88.78.
- For consumers above the age of 18, total spending is expected to reach $18.6 billion.
- Of those celebrating this year, 26.3% plan to give a gift found online; up from 19.3% last year.
- Elsewhere, those struck by Cupid will make purchases at discount stores (39.6%), department stores (33.2%), specialty stores (22.9%), floral shops (19.6%), jewelry stores (11.2%), specialty clothing stores (7.5%) and catalogs (2.6%).
- It’s expected that people will spend roughly $73.75 on just their significant other.
- 60.6 percent of shoppers plan to show their appreciation for other family members this Valentine’s
- In the workplace, 13.2 percent will buy a Valentine’s Day gift for co-workers, spending an average of $5.12.
- 40.7% will use their smartphone to shop for gifts
- 46.9% will use their tablet device to purchase or research gift ideas.
According to a survey from MillionaireCorner.com, an investor website:
- Overall, 38% of investors say they plan to go out for dinner on Valentine’s Day. For those who are married, that number jumps to 45%.
- The longer a couple is married, the least likely they are to celebrate Valentine’s Day. Only 10% of couples married 1-5 years will not celebrate; 12% for those who have been married 6-20 years; and 18% for those married 20+ years.
- 25% of men say they will purchase flowers compared to just 4% of women.
- The less wealthier are the ones celebrating Valentine’s with a weekend getaway. Nine percent of those worth $100k-500k (excluding their primary residence) plan to travel compared to 6% for both those worth $1-$5 million and $5+ million.
Source: www.forbes.com; Steve Cooper; February 12, 2014.