Here’s how much people spend on Valentine’s Day on average

valentine's day diner

INSIDER Data polled 354 people about their Valentine’s Day spending habits.
The median amount men and women planned to spend on Valentine’s Day was $50.
On average, men planned to spend about 20% more than women.
People ages 30 to 44 planned to spend the most.

Whether you’re planning a romantic dinner with your partner, picking up Galentine’s Day gifts for your friends, or buying out all of the limited edition pink chocolate before it’s gone, Valentine’s Day is arguably just as much about spending money as it is about celebrating love.

INSIDER Data asked 354 people how much money they planned to spend on Valentine’s Day.

The median amount for both men and women across all age brackets was $50.

The average amounts for different age groups were as follows:

18-to 29-year-olds planned to spend $62.04
30-to 44-year-olds planned to spend $82.86
45-to 60-year-olds planned to spend $66.50
People ages 60 and older planned to spend $62.11

When it comes to splurging on reservations, flowers, chocolates, or other gifts, people between the ages of 30 and 44 will spend more than any other age group, and millennials and baby boomers budgeted around the same amount at $62.

Read more: Here’s how to plan an amazing Valentine’s Day dinner date for $100 or less

On average, men planned to spend about 20% more than women on Valentine’s Day.

INSIDER Data found that men said they were going to spend an average of $73.18, and women said $60.69.

Read more:
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30 affordable and meaningful Valentine’s Day gifts that won’t cost you more than $50
24 personalized Valentine’s Day gifts …read more

Source:: Business Insider


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