Valentine's Day spending increment 8% from last year - source

Valentine's Day spending projected to increment 8% from last year.

For some, Valentine's Day presents a chance to communicate love to that unique individual in your life, frequently through gifts.

Whether your sweetheart prefers flowers, jewelry, or a home-cooked meal...

inflation will factor into the cost of just about everything this Valentine's Day.

According to the National Retail Federation, consumers are expected to spend $25.9 billion on Valentine's Day this year.

up from $23.9 billion in 2022 and one of the highest spending years on record.

According to data from a survey released in late January, 52% of consumers plan to celebrate and will spend an average of $192.80.

The dollar amount is up from $175.41 in 2022, and is the second highest figure since the NRF began tracking Valentine's Day spending in 2004.

Those aged 35 to 44 plan to spend more than other age groups...

allocating an average of $335.71 to gifts and other Valentine's Day items, which is about $142.91 more than the average holiday consumer.

Next Tom Brady announced his retirement.

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