Couples Plan To Spend Generously This Valentine’s Day
With Valentine’s Day just around the corner and America’s sweethearts planning to spend $27.4 billion on the occasion, the personal-finance website WalletHub today released its report on 2020’s Best Places for Valentine’s Day along with its nationally representative 2020 Valentine’s day Spending Survey.
To determine the most romantic yet affordable cities for celebrating the Day of Hearts, WalletHub compared 100 of the largest U.S. cities across 26 key metrics, ranging from florists per capita to forecasted precipitation to cost of a three-course meal for two.
| Top 20 Places for Valentine’s Day 2020 | ||
| 1. San Francisco, CA | 11. Los Angeles, CA | |
| 2. New York, NY | 12. Washington, DC | |
| 3. San Diego, CA | 13. Atlanta, GA | |
| 4. Honolulu, HI | 14. Denver, CO | |
| 5. Las Vegas, NV | 15. San Jose, CA | |
| 6. Seattle, WA | 16. Virginia Beach, VA | |
| 7. Orlando, FL | 17. Austin, TX | |
| 8. Portland, OR | 18. Boston, MA | |
| 9. Scottsdale, AZ | 19. Tampa, FL | |
| 10. Chicago, IL | 20. Gilbert, AZ | |
Valentine’s Day Spending Survey – Key Stats
- More Men Say V-Day Debt is Worth it: Men are nearly three times more likely than women to think a Valentine’s Day gift is worth going into credit card debt.
- Reckless Spending Ends Relationships: 46% of people would break up with their significant other if he or she spent irresponsibly.
- Financial Irresponsibility Isn’t Attractive: 4 in 10 people say irresponsible spending is a bigger turnoff than bad breath, and 51% of people say they would not marry someone with bad credit.
Valentine’s Day Fun Facts
- $27.4 Billion: Total Valentine’s Day spending projected for 2020 ($196.31 per person celebrating).
- $291 vs. $106: Men will spend nearly three times as much as women, on average, for Valentine’s Day 2020.
- $10.5 Billion: Amount Americans will spend on jewelry ($5.8B), flowers ($2.3B) and candy ($2.4B).
9 Million: Number of marriage proposals made each Valentine’s Day.
Joel Katz is the Morning Show Personality, Assistant Program Director, Podcast Host, Voiceover artist, audio producer, and Digital Content Writer for Magic 98.3. Joel has been working in New Jersey radio since college and started at Magic in 2002 as the Morning Show Host, “I can’t think of another place where I’d fit more perfectly; it’s just a great company with awesome people.” Joel is married to Kathleen, his elementary school sweetheart (they were each other’s first dates at age 9), shares a birthday with his oldest son, Ty, and has twins, Kiera and Liam. Joel runs at least 3.1 miles every day and enjoys playing basketball, doing laundry, saving his turn signal for when he really needs it, kissing dogs through a fence, using coasters, making that cool noise by rubbing his fingers on balloons, and chasing after ping pong balls on a windy cruise ship.
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