Romantic Aussies to splash the cash this Valentine's Day
Australians are expected to use their debit cards to buy romantic gifts for their partners this Valentine's Day.
A new study conducted by IBISWorld showed that total spending on chocolates, flowers, weekends away and candlelit dinners will reach $908.7 million this year.
If this proves to be accurate, it would represent an increase of 4.8 per cent on 2011.
General manager of the organisation Karen Dobie said that couples stuck to a budget when celebrating Valentine's Day in previous years, with many opting for cheap romantic picnics, but this trend is expected to end in 2012.
"This year we are expecting a more lavish display of affection through a splurge on something sparkly, a romantic meal out or the sharing of a boutique box of chocolates," she remarked.
Earlier this week, the Herald Sun reported that despite the tough economic climate, ladies are still willing to spend up to $300 a time on getting their hair cut.
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