Valentine’s Day, also known as the Feast of Saint Valentine, is a celebration of love and affection. Originating as a religious feast day, Valentine’s Day evolved into a day when lovers expressed their love for one another through flowers and greeting cards.
Valentine’s Day is a day to show family and friends how much you love and appreciate them. Whether you are celebrating with your wife, husband, girlfriend, or boyfriend it often includes one of the following; dinner, a movie, chocolates, flowers, or jewelry, a.k.a. you’re spending a lot of money on one night!
The total amount of money spent on Valentine’s Day is projected at $18.2 Billion. With that number Valentine’s Day is recognized as the third largest consumer holiday. For everyone in the finance world this is good news for the retail sector.
Below are calculations done by Wallethub.com, which breaks down just how much money is being spent on loved ones this Valentine’s Day.
Happy Valentine’s Day!