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Holiday Spending

Consumers to spend over $20 billion this Father’s Day, report finds

The NRF predicts that each American will spend an average of $174

Father’s Day spending in the U.S. will exceed $20 billion, according to the National Retail Federation’s annual Father’s Day spending report. 

The NRF expects 75% of American consumers to buy gifts. Of those who observe the father-focused holiday, 50% plan to purchase gifts for their biological fathers. Twenty-six percent plan to spend money on their husbands, and 11% plan to buy something for their sons. 

The average amount of money that consumers expect to spend will be...

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