According to the National Retail Federation, the average American spends an average of $146.84 on Valentine’s Day. This number is up a few bucks from last year’s average of $142.31. In total, Valentine’s Day spending is expected to hit $19.7 billion this year.
$1.7 billion will be spent on sweet treats
$4.5 billion will be spent on romantic dinners out
Instead of spending money on sweets and dinner, why not show your partner really how much you love them by buying them a life insurance plan? ValuePenguin looked at a 20 year term policy (the most popular option) worth $250,000 and determined what the average annual price for individuals between 25 and 60.
So, instead of spending all of that money on Valentine’s Day this year, call Gunn-Mowery to protect your loved ones in a more meaningful way!