You won't believe how much money we'll spend on our pets on Valentine's Day 2022.
iStock
This Valentine's Day, pet owners will spend $1.189 billion (yes, billion) on their cherished pets.
According to recent forecasts from the National Retail Federation (NRF), a Washington, D.C.-based nonprofit, and Prosper Insights & Analytics, this is the case. On Monday, January 31, 2022, the updated spending predictions were released.
Valentine's Day expenditure in 2022 is estimated to exceed $23.9 billion, including gifts for spouses, partners, friends, neighbors, pets, and more.
This is an increase from $21.8 billion in 2021. According to fresh forecasts, pet lovers would spend $1.189 billion on their favorite animals on Valentine's Day 2022.
According to the same yearly survey, this year's Valentine's Day spending could be the second-highest on record.
According to the National Retail Federation, shoppers plan to spend an average of $175.41 per person (per human) on Valentine's Day presents this year, up from $164.76 in 2021.
Many people plan to spend more on their significant others or wives as a result of the boost. The most popular gift items on Valentine's Day are candy (56 percent), greeting cards (40 percent), and flowers (37 percent), according to the NRF.
The poll of 7,728 adult consumers in the United States was performed from January 3 to 11, 2022, with a margin of error of 1.1 percentage points.
We adore our four-legged children.
Samantha Ligotino of Hudson Valley, New York, said she enjoys giving gifts to her seven-year-old Jack Russell Terriers, Enzo and Jessie, and that Valentine's Day is already marked on her calendar for them.
She told Fox News Digital, I know the cliche is 'diamonds are a girl's best friend, but for this girl, it's absolutely 'dogs are a girl's best friend.
Why not treat them to something special on Valentine's Day? In return, you'll receive nothing but unconditional affection. It doesn't get much better than this, does it? she said.
Ligotino shares the sentiments of many other pet owners when it comes to Valentine's Day pet gifts.
In 2020, 27% of individuals who will be celebrating Valentine's Day will be purchasing gifts for their pets.
Over a ten-year period, that number has increased by 17%.
According to the National Retail Federation, shoppers' interest in recognizing other key connections in their lives — friends, coworkers, and, increasingly, pets — has generated much of the surge in Valentine's Day spending over the previous decade.
Pet owners spend more money on their favorite canines, felines, and other critters in general if they do not pamper their pets.
According to the National Pet Owners Survey Statistics, we will spend $103.6 billion on our pets in the United States in 2020, and 70% of American households own a pet.
In addition, more people have become pet parents as a result of the COVID-19 pandemic.
Kona, Erin Grdovich's Golden Retriever, has been a huge support in getting through the pandemic, and she's always given more than she gets, according to Erin Grdovich of New York.
Even though she doesn't dress up as Cupid this year, Kona gets a lot of goods and attention. Her Long Island family, on the other hand, is sure to shower her with hugs and love on Valentine's Day.
According to the American Society for the Prevention of Cruelty to Animals (ASPCA), one in every five homes adopted a cat or dog when the COVID-19 epidemic began on May 21, 2021.
Details Here
