Why We Give Dads So Little on Fathers Day
NEW YORK (TheStreet) -- Dads get short shrift on Fathers Day, which is June 15, at least compared with what moms get in love and lucre on Mothers Day.
The digital offers firm RetailMeNot.com says in a survey this week that 86% of Americans buy Mothers Day gifts, compared with 77% who buy Fathers Day gifts, although less than half (48%) of consumers surveyed believe people spend more on Mothers Day gifts than on Fathers Day gifts.
In addition, 20% admitted they are more creative with Mothers Day gifts than those for Fathers Day.
"Our survey found that many dads get the short end of the stick on Fathers Day," says Trae Bodge, senior editor RetailMeNot. Even if there are gifts to be had, he says, "People find dad hard to buy for, often resorting to stale, uninspired gifts like ties and socks,"Americans spend $14.6 billion on Mothers Day, compared with $9.4 billion for dad on Fathers Day, according to H&R Block data from 2012. Globally people spend an average of 75% more on Mothers Day than on Father's Day, with the peak for moms being the average $171 people spend in Brazil, where dads rate just $90.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV