Average Cost of Valentine’s Day
Of course it is never polite to ask your sweetie how much he or she spent on making your Valentine’s Day special, but if you’re secretly interested, PayPal reported that their research shows the average Valentine’s Day cost equates to £71.25 for British consumers. Retailers adore the holiday, as they garner approximately £1.6 billion from 23 million U.K. residents.
PayPal’s research further indicates that approximately 33 per cent of romantics plan to spend between £50 and £99 on purchases, while 44 per cent of 18 to 24 year olds plan on spending the same amount. An astounding 22 per cent who responded to PayPal’s survey stated that they plan on spending in between £100 and £249 for their loved ones.
Cristina Hoole, spokeswoman for PayPal, reflected that cupid must be doing his job well; “it would seem romance is far from dead.”