NORTHAMPTON, Mass. (WWLP) – Father’s Day doesn’t generate much money for retailers. 22News found out how much the average American spends on dad.
It’s not that we don’t love our dads; we just have different ways of showing it. Father’s Day is actually the smallest of gift-giving holidays.
Economists predict consumers will spend 7 billion dollars less on the day than Mother’s Day. At the men’s clothing store, Jackson and Connor, they’ve seen an uptick in tie and bowtie sales.
22News found out one possible reason why the average American spends just 113-dollars for Father’s Day.
Xandria Sotomayor told 22News, “I kind of get ideas from outside and then I kind of do them at home, or it’s always good to get him a coupon book, a handmade like here I’ll do the dishes today or something like that.”
As for store-bought gifts, popular items, aside from the tie, were sweaters, electronics and gift cards. The most popular gift though: is a simple card.
By the way, you have less than a week to get one: Father’s Day is Sunday, June 15th.