Valentine's Day Spending Soars to $14.6 Billion Despite Economic Pressures
Americans are balancing record holiday spending with financial concerns, as inflation and shifting priorities reshape celebrations.
- A National Retail Federation survey projects Americans will spend $14.6 billion on Valentine's Day in 2025, up from $14.2 billion in 2024.
- Candy, flowers, and greeting cards remain popular gifts, but many are opting for experiences like dining out over material items.
- Economic concerns are influencing spending habits, with 35% of surveyed consumers planning to cut back due to inflation and 25% prioritizing savings.
- Generational differences highlight Gen Z's higher spending, averaging $235 per person, compared to $155 for all age groups combined.
- A significant portion of Americans, particularly women, believe meaningful celebrations can be achieved without extravagant spending.