"According to the National Retail Federation, consumer spending on Valentine's Day this year is projected to reach a record-breaking $29.1 billion dollars. Surveyed shoppers said they planned to spend an average $199.78 on gifts, up from last year's $188.81. And on top of gifts, 26% of consumers planned to go out for a romantic date on Valentine's Day, says polling company Ipsos."
"Long-term couples know that finances matter the other 364 days of the year. A study by Bankrate found that 38% of people in committed relationships completely combine their finances. 36% mix some of their money while still keeping some separate, and 26% keep their financial accounts totally apart. But money isn't the only thing. A Tawkify survey reports that 63% of Americans would marry for love, even if it meant enduring financial hardship."
Valentine's Day spending is projected to reach $29.1 billion this year. Consumers plan to spend an average $199.78 on gifts, up from $188.81 last year. Polling finds 26% of consumers plan to go out for a romantic date, 24% plan a romantic night at home, and 31% will not observe Valentine's Day. Bankrate reports 38% of committed partners completely combine finances, 36% partially combine, and 26% keep finances separate. A Tawkify survey finds 63% of Americans would marry for love even if it meant enduring financial hardship. A free consumer mediation hotline serves the San Francisco Bay Area.
Read at ABC7 San Francisco
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