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Valentine's Day spending expected to be down nearly $5B

Posted at 8:22 AM, Feb 11, 2021
and last updated 2021-02-11 12:44:24-05

According to the National Retail Federation, Valentine's Day spending is expected to be down by nearly $5 billion compared to last year.

A Lending Tree Survey found nearly 40% of Americans plan to skip celebrating Valentine's Day altogether this year to save money.

Women who say they do plan to give gifts said they'll spend about $94.

Meanwhile, men say they'll shell out at least $180.