The Economics of Valentine’s Day

Last 2015, consumers spent an approximate $18.9 Billion with an average consumer spending at least $142
$1.7 Billion was spent on Valentine’s day sweets
Men spend $190.53, nearly double the $96.58 that women plan to spend.
For women, it may be the thought that counts, as they buy 85% of the $180 Million Valentine’s day cards every year.
Men will buy 73% of all the flowers during Valentine’s day.

Valentine’s Day seems to be a very profitable day!

I think people spend a lot because they associate a lot of emotion to this day. Why?

Why? Because people buy using emotion and justify their purchases with logic.

So, this means, Men become emotional during Valentine’s because they tend to spend more. Haha!

What’s your Valentine’s story?

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To our success in all areas of life,

Argel Tiburcio, CIS
I’m on Facebook: http://fb.com/ArgelTiburcio

Image source: http://www.entrepreneur.com/article/270750

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Argel Tiburcio

Founder and CEO at ArgelTiburcio.com

When he is not busy watching "The Office", lounging at the beach, or playing 1st person shooting games, Argel consistently invests in the stock market, both local and global. He loves learning through books, training, seminars, and workshops. He also helps Pinoys create, manage, grow, and protect their wealth as a globally-certified Professional Financial Advisor. Get in touch with him by sending an email to contact[at]argeltiburcio.com