June 12, 2008
Father's Day spending will be down
For many holidays, the National Retail Federation releases a report about what consumers will spend. Lately, these reports have looked nearly the same.
For the last several holidays, high gasoline and food prices have been predicted to cut into spending. And Father’s Day appears to be no different.
The annual day to honor your dad is Sunday, and according to the NRF, people will spend an average of $94.54, compared with $98.34 last year. Total spending nationally will be $9.6 billion.
Most people plan to take their fathers out for a special outing, such as dinner. Other popular gifts are clothing, books, gift cards and sporting goods, according to the NRF.
So, what about you? Are high prices for what seems to be everything impacting your Father’s Day budget?
Comments
[June 12, 2008 11:26 AM]
MichelleI think gift ideas are what is hampering me most right now! I would go ahead and buy something if I could only think of the right thing to buy!