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Valentine's Day Spending Nears $26 Billion Amid Economic Concerns

Americans prioritize significant others with record spending on gifts, despite inflation and financial stress.

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Overview

  • Americans are expected to spend approximately $25.8 billion on Valentine's Day, with significant spending on partners.
  • Consumers aged 35 to 44 are predicted to spend the most, including on gifts for pets.
  • Top Valentine's Day gifts include jewelry, flowers, and evenings out, with new spending records in these categories.
  • Nearly 3 in 10 Americans consider Valentine's Day gifts worth going into debt for, despite inflation affecting plans.
  • Millennials and Gen Z feel financial pressure, with suggestions to spend around $100 on established relationships.