How Much Will America Spend on Father’s Day?
Dad -- the guy who taught you to ride your bike, coached you in Little League and helped you do your algebra homework.
A tie just isn't going to cut it, is it?
People will cough up an average of $125.92 for Father's Day this year, a healthy jump from the $115.57 they removed from their wallets in 2015. All told, we'll spend $14.3 billion, a healthy amount -- and the most ever for the holiday -- but still well short of the $21.4 billion grateful kids fork over on Mother's Day.
So, what will people be giving dear ol' dad? Here's a look:
- 65% - greeting card
- 47% - special outings such as dinner, brunch or other types of a “fun activity/experience”
- 43% - clothing
- 41% - gift cards
- 22% - "gift of experience," such as tickets to concert or game
- 20% - electronics