Survey: Valentine's Day Spending Could Be Historically High This Year

MINNEAPOLIS (WCCO) -- A new survey shows people plan to pony up to please their lovers this Valentine's Day.

The National Retail Federation expects spending to reach $23.9 billion for the holiday this year. That would be about $2 billion more than last year and the second-highest year on record.

More than half of U.S. consumers will celebrate Valentine's Day this year, the survey found. Shoppers say they'll spend about $175 per person on gifts.

Jewelry, candy and greeting cards are among the most popular gifts.