US Father’s Day Spending Expected to Reach All-Time High of $16 Billion

Executive Summary

• It’s a great time to be a dad in the US – for one day in June, at least. Father’s Day spending has climbed 70% in the last decade, according to data from the National Retail Federation (NRF) and Prosper Insights & Analytics.
• This year, US consumers are expected to spend some $16 billion, up from last year’s $15.3 billion – and around $6.6 billion more than they spent in 2009.
• Some of the more popular gifts include special outings, clothing and gift cards.