How much you spent on your beloved for Valentine's Day this year may have had less to do with what your heart said and more to do with what your pocketbook allowed, according to research from three separate organizations that serve credit unions and other community financial institutions.
Research revealed that Valentine's Day-related purchasing spiked in 2015, presumably due to an improved economy. According to Des Moines, Iowa,-based The Members Group, credit card spending increased 21% for the period of Feb. 12 to Feb. 14.
Both CO-OP Financial Services, based in Rancho Cucamonga, Calif., and Saylent Technologies, located in Franklin, Mass., discovered debit card spending increased 16% for the same period. Both increases compared favorably to total credit and debit spending in 2014.
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