The Average American Will Spend $208 On Valentine’s Day This Year

While it may still seem a little early to talk Valentine’s Day for some people, the romantic holiday is fast approaching, which means it’s time to start thinking about what to get your significant other. And based on a new poll, folks are gonna be spending more this year than in the past.

A new LendingTree survey finds:

  • Americans, on average, will be spending 44% more on Valentine’s Day this year, as compared to last year.
  • On average, those with a significant other will spend $208, which is up from $144 last year.
  • Couples who have been in a relationship one to two years, will spend the most this year, $248, while that number drops to $186 for those together less than a year, and to $189 for those who’ve been together more than 10.
  • 30% of those in a couple say they’ll accumulate some sort of credit card debt for Valentine’s Day.
  • 43% of those people will hide that debt from their partner.
  • Only 37% of men and 24% of women think going into debt for Valentine’s Day is worth it.
  • 31% of people plan to skip Valentine’s Day all together. 
  • Ways couples plan to celebrate Valentine’s this year include:
    • Go out to a special dinner (37%)
    • Have a home cooked meal (25%)
    • Get takeout and eat at home (16%)
    • We don’t really celebrate (12%)
    • Take a short trip (5%)
    • Celebrate virtually (1%)

Source: LendingTree

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