With Father’s Day happening this Sunday, if you haven’t bought a gift for Dad you may need to bring some extra cash.
According to the National Retail Federation, Father’s Day spending is expected to reach an all-time high of $16 billion.
Retailers say they are seeing a jump and one gift just isn’t enough anymore.
“Yeah there’s a little more spending, a little more about the accessories, add-ons and things like that. [They are] not just necessarily buying one item, they want to compliment it with additional items,” said retail manager Brad Mohr.
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While people are wanting to spend more for the men in their life, it’s still no comparison to what Mom receives on Mother’s Day. This year a total of $25 billion dollars was spent, which is roughly $195.00 for each mom.
Jewelry and flowers were the most popular gifts for Moms, while a special outing and clothing topped the list for Dads.
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