Latest news with #giftspending
The Independent
02-06-2025
- Business
- The Independent
Father's Day spending expected to hit record high despite economic uncertainty
Father's Day spending is expected to hit a record high this year despite Americans facing economic uncertainty. Americans plan to spend $24 billion this year on gifts for dad, and other loved ones, the National Retail Federation discovered in a survey. It said around 48 percent of Americans will buy a gift for their father or stepfather, 25 percent plan to buy gifts for husbands, and 12 percent will get a gift for their sons. On average, consumers are planning to spend $199.38 per person, up almost $10 from last year. 'Americans are embracing meaningful traditions and holidays, and this Father's Day, spending on gifts and other holiday items is expected to reach record levels,' NRF Vice President of Industry and Consumer Insights Katherine Cullen said. The previous record high for Father's Day gift-buying was $22.9bn in 2023. Last year wasn't too far off with $22.4bn spent on the special father figures in Americans' lives. This expected uptick in holiday spending comes at a time when a majority of consumers are having negative feelings about the current and future state of the economy. A poll from April conducted by The Economist / YouGov found that 40 percent of Americans believe the current state of the economy is 'poor.' Around 53 percent of respondents believe the economy is getting worse. The poll was conducted days after President Donald Trump announced sweeping tariffs on all countries, even U.S. allies. He quickly issued a 90-day pause on many tariffs. Inflation has cooled and 177,000 jobs were added in April, but Trump's unpredictable trade policy still concerns economists. What Are People Buying For Father's Day? This year, much like in recent years, 58 percent of consumers plan to buy a greeting card, 55 percent plan to buy clothing, 53 percent plan to spend money on a special outing and 50 percent are expected to purchase gift cards for their loved ones, according to the NRF survey. Two types of gifts, subscription boxes and gifts of experience, have been on the rise in recent years. This year, 43 percent of Americans plan to gift a subscription box for Father's Day, up 34 percent from 2019. And 30 percent of consumers are expected to spend money on an experience to give to their loved ones, a 23 percent increase from six years ago. 'As consumers prioritize Father's Day gifts that are unique or create special memories, categories such as special outings and personal care items have seen an increase in popularity this year,' Prosper Executive Vice President of Strategy Phil Rist said in NRF's press release.
The Independent
18-05-2025
- Lifestyle
- The Independent
Survey reveals what dads really want this Father's Day – and what they will get
People are spending about £10 more on Father's Day this year typically than Mother's Day, a survey indicates. On average, people expect to spend £54.06 on a card and gifts for Father's Day (June 15), compared with an average spend of £44.80 for Mother's Day in March, according to MyVoucherCodes. People aged 25 to 34 are the biggest Father's Day spenders, the research indicates, typically planning to spend £78.24. Across all age groups, the most common gift that people expect to buy for Father's Day is alcohol, followed by food and a meal out, according to the survey carried out by OnePoll of 2,000 people across the UK in May who are in contact with their father or stepfather. The research indicated there may be a mis-match between what fathers would like and what they will receive. Most common gifts fathers would like to receive – Day out– Tech– A meal Among fathers surveyed, the most common gift they would like to receive is a day out, followed by tech and a meal. Sarah-Jane Outten, a money saving expert at MyVoucherCodes, said the research indicates that many people are 'going the extra mile to treat their dads'. Here are some tips from Ms Outten for saving money on Father's Day gifts: – Plan ahead Start shopping early to give yourself time to find the best deals. – Be creative A homemade meal, baked goods, or a hand-crafted gift can be more thoughtful – and more affordable – than store-bought options. – Buy a group gift Consider clubbing together with siblings or family members to buy one bigger, more meaningful gift. – Look for discounts on 'experiences' With a day out being the gift that fathers surveyed most commonly want, consider looking out for offers on experience days, local attractions, or events.
Yahoo
18-05-2025
- Lifestyle
- Yahoo
Survey reveals what dads really want this Father's Day – and what they will get
People are spending about £10 more on Father's Day this year typically than Mother's Day, a survey indicates. On average, people expect to spend £54.06 on a card and gifts for Father's Day (June 15), compared with an average spend of £44.80 for Mother's Day in March, according to MyVoucherCodes. People aged 25 to 34 are the biggest Father's Day spenders, the research indicates, typically planning to spend £78.24. Across all age groups, the most common gift that people expect to buy for Father's Day is alcohol, followed by food and a meal out, according to the survey carried out by OnePoll of 2,000 people across the UK in May who are in contact with their father or stepfather. The research indicated there may be a mis-match between what fathers would like and what they will receive. Most common gifts fathers would like to receive – Day out– Tech– A meal Among fathers surveyed, the most common gift they would like to receive is a day out, followed by tech and a meal. Sarah-Jane Outten, a money saving expert at MyVoucherCodes, said the research indicates that many people are 'going the extra mile to treat their dads'. Here are some tips from Ms Outten for saving money on Father's Day gifts: – Plan ahead Start shopping early to give yourself time to find the best deals. – Be creative A homemade meal, baked goods, or a hand-crafted gift can be more thoughtful – and more affordable – than store-bought options. – Buy a group gift Consider clubbing together with siblings or family members to buy one bigger, more meaningful gift. – Look for discounts on 'experiences' With a day out being the gift that fathers surveyed most commonly want, consider looking out for offers on experience days, local attractions, or events. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
