Talking Points
Last minute Valentine’s Day shoppers may want to pump the brakes.
New WalletHub data shows not everyone wants their sweetheart to spend a lot on gifts.
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Last minute Valentine’s Day shoppers may want to pump the brakes.
New WalletHub data shows not everyone wants their sweetheart to spend a lot on gifts.
The personal finance website found that:
• 46% of people would break up with their significant other if they spent irresponsibly.
• 4 in 10 people say irresponsible spending is a bigger turnoff than bad breath.
Despite this, WalletHub estimates Americans will spend $10.5 billion just on jewelry, flowers and candy this Valentine’s Day.
On everything, we’ll spend $27.4 billion for the holiday.
The survey also found:
• The average person will spend $196.30 on Valentine’s Day.
• Men are nearly 3 times more likely than women to think a Valentine’s Day gift is worth going into credit card debt. They’ll spend $291 on average, compared to $106 spent by women.
• 51% of people say they would not marry someone with bad credit.
• 9 million marriage proposals are made each Valentine’s Day.
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