2018 Valentine’s Day Facts – Gifts, Money & More
Lovesick shoppers shell out more than $19 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 45% of people expect their Valentine to spend at least $50 on a gift, according to WalletHub’s 2018 Valentine’s Day Survey. And 4 in 10 people would break up with their significant other if he or she spent irresponsibly. So fear is a factor, too.
But whether you love or loath his holiday, there’s no denying St. Valentine’s impact on our wallets. So in the hopes of helping people embrace their loving feelings without hurting their finances, WalletHub examined V-Day from all angles.
You can check out Valentine’s Day facts and stats on everything from the most and least wanted gifts to how money problems affect relationships in the infographic below and a Q&A with leading experts on the field. 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.
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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