Americans Projected to Spend $18 Billion on Valentine’s Day

Americans Projected to Spend $18 Billion on Valentine’s Day

February 13, 2017         Written By Bill Hardekopf

Couples in the United States will spend $18.2 billion on Valentine’s Day in 2017, according to research from the National Retail Foundation. While a significant sum, this represents a drop from 2016 when Americans spent $19.7 billion. On average, individuals are spending about $136.57 this year, which is down from $146.84 in 2016.

The study, which surveyed nearly 8,000 Americans, also found fewer people are celebrating Valentine’s Day this year, as the number of people celebrating is expected to drop from 63% in 2007 to 54% this year.

For those who are celebrating, the hottest item of 2017 is jewelry. It is estimated Americans will spend about $4 billion in this category. An evening out will be second at $3.8 billion, followed by flowers at $2 billion.

While most people are planning on spending money on their spouse or significant other, some also plan to spend on other family members, such as kids or parents, children’s classmates/teachers and friends.

If you are single and considering a gift for your dog, you are not alone. 21% of Americans will buy a Valentine’s Day gift for their pet.

“Valentine’s Day continues to be a popular gift-giving occasion even if consumers are being more frugal this year,” NRF President and CEO Matthew Shay said. “This is one day of the year when millions find a way to show their loved ones they care regardless of their budget. Consumers will find that retailers recognize that their customers are looking for the best deals and will offer good bargains just as they did during the holiday season.”


The information contained within this article was accurate as of February 13, 2017. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.


About Bill Hardekopf

Bill Hardekopf is the CEO of and covers the credit card industry from all perspectives. Bill has been involved with personal finance for over 15 years. He is a frequent contributor to Forbes, The Street and The Christian Science Monitor.
View all posts by Bill Hardekopf
Featured Low Interest Card
Top Features : 1.25X miles on every purchase; no annual fee; bonus of 20,000 miles once $1,000 is spent in first 3 months
Featured No Annual Fee Card
Top Features : Earn cash back twice. 1% when you buy plus 1% as you pay; 0% APR for 18 months on balance transfers
Featured Bad Credit Card
Top Features : No Annual Fee; Cash Back match at the end of your first year; Social Security Alerts
Featured Fair Credit Card
Top Features : No annual fee; access to higher credit line after making first 5 monthly payments on time
Featured Limited/No Credit
Top Features : No annual fee; reports to major credit bureaus; access to higher credit line after making first 5 monthly payments on time
Featured Cash Back Card
Top Features : No Annual Fee, Bonus Offer, Cash Back