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Jun 17, 2024, 1:45 PM
Jun 16, 2024, 12:00 AM
CBS NewsThe Guardian

American Consumers Expected to Spend Over $22 Billion on Father's Day, Reports National Retail Federation

National Retail Federation organization
Highlights
  • Around 75% of Americans are expected to celebrate Father's Day this year, according to the National Retail Federation.
  • The estimated spending on Father's Day gifts is projected to exceed $22 billion.
  • The National Retail Federation's survey reveals a significant boost in consumer spending for this occasion.
Story

Around 75% of Americans are expected to celebrate Father's Day, with spending predicted to surpass $22 billion. The top gifts include greeting cards, clothing, special outings, personal care items, sporting goods, leisure items, automotive accessories, and home improvement tools. Father's Day spending is expected to be lower than Mother's Day, which saw retail sales of over $33 billion.

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