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Father’s Day gifts? Holiday spending is expected to reach record highs

·2 min read
Father’s Day gifts? Holiday spending is expected to reach record highs

The U.S. is on the verge of having its most expensive Father’s Day of all time. Father’s Day is this Sunday and early spending data indicates the U.S. will spend a record $20.1 billion around the holiday, according to the National Retail Federation, the world’s largest retail trade association. According to an NRF survey, respondents say they plan to spend an average of $174 on Father’s Day items, which is about $26 more than last year.