Valentine’s Day Spending Trends
Do you expect your significant other to do something for you for Valentines Day?
Like the holiday or not, most of us expect at least a little something. For me, I’d be happy with a note or a nice dinner cooked at home. Honestly, it’s not my favorite holiday, and I hate to admit it, but I do expect something. And I expect to give something… a card, some candy, a bottle of wine.
But we can all agree on one thing, we will likely be spending less this year because of the pandemic. Obviously, restaurants won’t be an option for many, and the importance given to the holiday has been put in perspective.
Here are some fun facts as we approach the Feast of Saint Valentine, the holiday of love.
Around 98 million Americans expect their significant other to spend less on Valentine’s Day this year. Check out WalletHub’s new survey on what Americans think about #ValentinesDay in the midst of the #COVID19 pandemic here: https://t.co/2Hx9aebsZI pic.twitter.com/hh0aimRNr7
— WalletHub (@wallethub) February 2, 2021
Here are the key findings of the survey from Wallethub
- Some People Want Love More Than Health. 50% of people would rather get shot by Cupid’s arrow than the COVID-19 vaccine.
- More Men Say V-Day Debt is Worth it: Men are nearly two times more likely than women to think a Valentine’s Day gift is worth going into credit card debt.
- Bad Credit Might Keep You Single. 47% of people wouldn’t marry someone with bad credit.
- Reckless Spending Ends Relationships: 47% of people would break up with their significant other if he or she spent irresponsibly.
- Financial Irresponsibility Isn’t Attractive: 44% of people say irresponsible spending is a bigger turnoff than bad breath.
- Love is Blooming for Some People. 48% of people say they got richer in love since last Valentine’s Day.
- $21.8 Billion: Total Valentine’s Day spending projected for 2021 ($164.76 per person celebrating).
- $231 vs. $101: Men will spend more than twice as much as women, on average, for Valentine’s Day 2021.
- $8.1 Billion: Amount Americans will spend on jewelry ($4.1B), flowers ($2B) and candy ($2B).
- 1 in 6: Marriages begins online.
- 33%: Overall online dating activity increase across the US between February 1 and February 14.
With all that information now sitting in your brain, what will your heart tell you to do this Valentines Day?
