Valentine’s Day spending expected to be more than last year

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Valentine’s Day is right around the corner, and consumers are expected to spend more this year than the past.

According to the National Retail Federation, we’ll spend an average of $196 on Valentine’s Day this year.

Most of the money will be spent on gifts for spouses or significant others.

The total spending is expected to top $27 billion, that’s 32% from last year’s record.