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Father’s Day gift spending expected to increase this year

Posted: 12:13 AM, Jun 12, 2012
Updated: 2012-06-12 08:52:45-04
Father’s Day gift spending expected to increase this year

Consumers are slated to spend more to celebrate Father's Day this year.

A survey from the National Retail Federation found Americans will spend about $12.7 billion on the holiday, an average of about $117 per person -- that's up about 10 percent over last year.

Shoppers will spend about $2.3 billion on a special day out with dad with activities including golf, dinner or a baseball game.

They will also spend $1.7 billion on apparel, $1.7 billion on gift cards and another $1.7 billion on electronics.

Gadgets are always popular with dads and consumer reports say tablets and smartphones will be among the most gifted Father's Day items.