Americans plan to put a lot of money toward the love-filled holiday this year. About 70% of U.S. adults in relationships plan on buying their partner a Valentine’s Day gift, according to Bankrate. And as a whole, Valentine’s Day spending nationwide is expected to reach $27.4 billion this year, up 32% from last year’s forecasts.
Surprisingly, there is quite a difference in spending between the generations. Here’s the breakdown, according to Compare Cards:
- Gen Z (ages 8 to 23 as of 2020): $82
- Millennials (24 to 39): $113
- Gen X (40 to 55): $293
- Baby boomers (56 to 74): $55
And here’s how the responses differ by gender:
- Men: $249
- Women: $57
No matter how much you spend, I hope you feel loved on Valentine’s Day 🙂