Can't Buy Me Love? Oh Really?

In 1964, the Beatles said "I don't care too much for money, money can't buy me love" in the infamous hit "Can't Buy Me Love". Well maybe that's not so much the case in America. On average, Americans spent about $116 on Valentines Day last year. This had been a rise from the sudden drop to $68 in 2010, but otherwise considered normal when compared to the previous two years, $102 in 2009, and $128 in 2008. This shows that most Americans spend about the same no matter what the economic conditions, and according the H&R Block, U.S. men spend nearly twice as much on Valentines day than U.S. women. It is also expected that this amount will grow about 8% in 2012 to nearly $200. So guys, hopefully you've been saving your nickels and dimes up since Christmas every time you get your morning Starbucks to get your lucky lady something nice. 

Some big gifts are cards, flowers, candy, and jewelry. These heavy hitters account for quite a lot of the money spent. Alone, jewelry accounts for $4.1 billion, diamonds really are a girls best friend. On average, about 18.9% of Americans will buy these fancy jewels and then will likely give these gifts while spending a night out that adds up to $3.5 billion at restaurants. In total, about $17.6 billion will be spent this Valentine's day. 

All in all, Valentine's Day is great day to spend with your loved one and gifts are just one of many ways to show someone you care. Still, you can't buy love, but all you do need is love.. Wishing all those who have a special someone a happy Valentine's Day, and for those who are single, that they find the love of their life soon!

One more thing, guys follow this link to

http://www.youtube.com/watch?v=uWrJgFjxlS0 where Adriana Lima has a message for you. 

Sources:

Valentine's Day By The Numbers:
http://blog.thenewstribune.com/business/2012/02/13/valentines-day-by-the-numbers-record-spending-expected-men-spend-more-than-women/ 

Infographic: 

http://blogs.hrblock.com/2012/02/07/valentines-day-spending-infographic/

http://blogs.hrblock.com/2012/02/07/valentines-day-spending-infographic/