Is America breaking up with Valentine’s Day?

National
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A survey by the National Retail Federation suggests Americans are growing weary of the annual commercial lovefest known as Valentine’s Day.

Fewer people are planning to celebrate the day this year — only 50 percent of Americans, ages 18 and older.

Ten years earlier, 63 percent of Americans celebrated Valentine’s Day.

The NRF survey found some interesting trends in the survey:

  • More than a third of those under 35 who aren’t celebrating still plan to splurge on themselves or spend some time with a single friend.
  • Those who do plan to celebrate Valentine’s Day are spending about $60 more this year than they did in 2009.
  • Young people (18-34) who plan to celebrate will do so with “experiential gifts” such as concert tickets or a day at the spa, instead of candy, flowers or cards.

The National Retail Federation estimates consumers will still spend about $20 billion this year on Valentine’s Day gifts and purchases.

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