Wednesday, February 11, 2009

Economic Affects on Valentine's Day

With the economy being as bad as it is now, you would think that Valentine's Day will be a bust. In a survey done by the National Retail Federation, experts found that the majority of people do not plan on changing much about their Valentine's Day spending. They found that most people will spend an average of $102.50 this year, which is only $10 less than last years average of $122.50. Traditional Valentine's Day favorites such as flowers and candy are expected to sell at the same rate. It is also said that more people will be sending greeting cards than last year. NRF President and CEO Tracy Mullin stated, "A bad economy won't stop cupid this Valentine's Day, but it might slow him down."
For me, Valentine's Day is not that big of a deal. Money will be spent, but because I am a college student and broke, I do not plan on my gifts being very expensive. Not to mention, most women do not spend as much money on Valentines day as men. Lucky for me, but not for my boyfriend.


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