AMERICANS ARE EXPECTED TO SPEND MORE THAN $15 BILLION ON GIFTS.
All those barbecue accessories, coffee mugs, and screwdriver sets add up: Americans spent $14.3 billion on gifts in 2016 for Father’s Day, and the estimate for 2017 is a record $15.5 billion. This estimate includes $800 million on tools and appliances, $2.2 billion on apparel (including the ubiquitous necktie), and $3.3 billion on "special outings," such as dinner or concert tickets
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