2019 Valentine’s Day Facts – Gifts, Money & More
Lovesick shoppers shell out more than $20.7 billion in Cupid’s name each year. That makes Valentine’s Day the third-largest consumer holiday in the U.S. But love might not be the only motivator. Roughly 44% of people expect their Valentine to spend at least $50 on a gift, according to WalletHub’s 2019 Valentine’s Day Survey. More than 4 in 10 people also would break up with their significant other if he or she spent irresponsibly. So fear is a factor, too.
Whether you love or loath his holiday, there’s no denying St. Valentine’s impact on our wallets. So WalletHub examined V-Day from all angles in the hopes of helping people embrace their loving feelings without hurting their finances.
The infographic below is filled with interesting Valentine’s Day facts, with stats covering everything from the gifts we want most and least to how money problems affect romantic relationships. At the very least, seeing what people do (or don’t do) in the name of love should make the day a bit more enjoyable. Plus, you can check out our Valentine’s Day Q&A with a panel of experts, which follows the infographic, to learn more about the holiday’s financial foundation.
We posed the following questions to a panel of leading consumer studies scholars. You can find their bios and responses below.
- What tips do you have for celebrating Valentine’s Day on a budget?
- What are the biggest Valentine’s Day money-wasters?
- What money saving tips do you have for people planning to travel on Valentine’s Day?
- Do you believe Valentine’s Day has become too commercialized?
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