In debt for dad: Consumers to show Father’s Day appreciation with $22.4 billion in spending

By Aislinn Murphy | Fox Business

Scores of American consumers have fathers and father figures for whom they want to show their appreciation this Father’s Day, and according to a National Retail Federation (NRF) estimate, they will collectively splash out an eye-popping amount of money to do so.

The NRF and Prosper Insights & Analytics found in a survey that this year’s expected Father’s Day spending by American consumers will amount to the “second highest figure in the survey’s history” at $22.4 billion, according to a news release

The survey found 75% of U.S. consumers expressed intentions to partake in the holiday.

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