Survey: Men spend much more on Valentine's Day with higher expectations

Wednesday, February 6, 2019
Love is in the air, but can your wallet handle it?

A new survey conducted by financial services company Bankrate found the sexes have very different expectations of how much money should be spent on Valentine's Day.
[Ads /]
Men will spend an average of $339 on their partners, while women will spend $64.

However, women only expect their partners to spend an average of $154. Men wish their partners would spend an average of $211.

Why the vast difference? Experts don't know for sure, but they suspect it may be due to societal views of masculinity and wage differences between men and women.
[Ads /]
The study suggest millennials will be spending more on Valentine's Day and you can blame that on Instagram.

Overall, millennials expect to spend about $161 on Valentine's Day. Younger millennials, however, had the highest expectations of Valentine's Day with 15 percent of respondents expecting to spend $500 or more on their partners, and 18 percent expecting their partners to spend $200 to $500.



The sky-high expectations could be a result of how tapped the generation is into social media, which is known to influence consumer spending.

You can read the full survey here.
Copyright © 2024 KTRK-TV. All Rights Reserved.