Father’s Day: Big Spending on Dad

Posted: June 18, 2021 at 10:38 am

According to the National Retail Federation (NRF), we’re going all out for dad this year. Americans are going to spend a record $20.1 billion this year — that’s up from last year’s record-breaking $17 billion.

The NRF’s survey found that we plan to spend an average of $174 on gifts for dad – $26 more than last year. 35 – to 44-year-olds will be spending even more – an average of $259 on gifts — $49 more than last year.

What are we spending all that money on?

• Greeting cards – 59%
• Clothing – 49%
• Special outing – 46%
• Gift cards – 45%
• Personal care – 28%
• Books/music – 26%
• Electronics – 25%
• Home improvement/gardening tools – 24%
• Tools/appliances – 24%
• Sporting goods – 22%