US to spend record amount on Father’s Day
A new report says this Father's Day could set a new record for how much people spend on gifts and other items for Dad.
The National Retail Federation is predicting that consumers will spend over $20 billion. That would be the most Father's Day spending ever and much more than the $17 billion spent last year.
Survey respondents say they plan to spend an average of $174 on Father's Day items, or $26 more than last year.
Special outings, clothing and consumer electronics are among top three spending categories.