Agency FeedTweets by @ArcanaAcademy
Tuesday, February 13th 2018
Feb 13, 2018
Once a Romantic. Alway$ a Romantic.
Checking the Pulse of Valentine's Day Commerce.
Valentine's Day has become synonymous with chocolates and flowers, cards and fancy dinners. The romantic in me loves it. The cynic hates it.
Curious to see how my romantic tendencies effected my (and my boyfriend's) bank account, I looked into the price increase of five of the holiday's most popular items.
Today, Valentine's Day cards range from 99 cents to almost 8 dollars and that doesn't include postage. The price of a stamp is 50 cents, which is greater than the cost of a card in the 1950's.
In the 1950's you could buy a card for less than 25 cents and mail it for only 3 cents. Many thanks to our friends at Hallmark and in China for the rise in cost.
While the price for a bouquet of flowers varies from state to state and goes up the week of Valentine's Day, it is inarguable that the flower industry has blossomed.
In the 1950's, the global flower trade was less than 3 billion dollars. Now, the global flower trade is more than 101.84 billion dollars.
Interesting to note that if you buy red flowers the week of Valentine's Day, they will cost you on average 30% more than buying them at any other time of year.
One pound of Whitman's Sampler chocolates was $2.25 in 1953. Twenty-four ounces of the same Whitman's sampler will cost you $19.99 today.
In 1950, a one carat diamond ring sold for $399. That same one carat diamond ring, today, sells for $4,125.
Many women have been woo'ed at New York City's restaurant The Palm on 2nd avenue. In 1950, you could take your date for a sirloin steak and pay $6.50 for 18 ounces. The same 18 ounces of a New York strip now cost you upwards of $55.
However you choose to spend or not spend this Valentine's Day, we hope you enjoy it.
Hugs. Kisses. And chocolate covered everything.