Thursday, February 05, 2009

Valentine's Day spending - Special night out

Valentine's Day is just around the corner and with the current economic crisis everyone is wondering what the best gift option is. Travel seems to hold only about 30% of the popular vote in the surveys I have looked at (see below). The most popular option for many Valentine's Day spenders seems to be a special night out with their significant other.

In early 2008 CNN Money reported that the National Retail Federation (NRF) expected spending in the United Stated to reach $17.02 billion for Valentine's Day, with the most popular option (48%) being a special night out. The NRF indicated that only about 57% of those surveyed planed to buy a card.

According to Discover Card's 4th annual survey of Valentine's Day shopping survey. 73% of men and 57% of women who responded indicated that they planned to spend money on a special dinner for Valentine's Day, while only 53% of men and 56% of women indicated that was what they hoped to receive from their significant other. Travel held in at roughly 30% in the Discover Card survey.

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