A new LendingTree survey finds:
- Americans, on average, will be spending 44% more on Valentine’s Day this year, as compared to last year.
- On average, those with a significant other will spend $208, which is up from $144 last year.
- Couples who have been in a relationship one to two years, will spend the most this year, $248, while that number drops to $186 for those together less than a year, and to $189 for those who’ve been together more than 10.
- 30% of those in a couple say they’ll accumulate some sort of credit card debt for Valentine’s Day.
- 43% of those people will hide that debt from their partner.
- Only 37% of men and 24% of women think going into debt for Valentine’s Day is worth it.
- 31% of people plan to skip Valentine’s Day all together.
- Ways couples plan to celebrate Valentine’s this year include:
- Go out to a special dinner (37%)
- Have a home cooked meal (25%)
- Get takeout and eat at home (16%)
- We don’t really celebrate (12%)
- Take a short trip (5%)
- Celebrate virtually (1%)