Saturday, February 28, 2015

The Economics of Valentine's Day

This year I experienced Valentine’s Day to the fullest extent. I live on a hall with twenty other girls, half of which are in relationships. Our hall was filled with balloons, Valentine’s Day cards, flowers, and candy. I personally passed out elementary school style valentines to my hall mates. There were romantic dinners and single ladies’ nights and even a “Love Sucks” party to attend. I witnessed every side of college student viewpoints on love. However, in the aftermath of the cheesiest day of the year, I could not help wonder what motivates people to participate in Valentine’s Day.

For those in relationships, Valentine’s Day is a tool to determine the level of your partner’s affection. “The value of Valentine’s Day is that it creates an environment in which those in relationships can get information about how committed their partner is. Of course, we look for this information throughout the year, but February 14 is the one day when you have to show your hand,” argue McArthur and Adshade. In fact, 53% of women say that they would end their relationship if they did not receive anything for Valentine’s Day (StatiticBrain.com). People in relationships impose a certain pressure on one another to show their affection through silly gifts like flowers and candy.

This social pressure is also coming from businesses and restaurants who generate revenue from this holiday. The average annual spending on Valentine’s Days gifts is $13.19 Billion, averaging out to $116.21 per average participating consumer. About 180 million Valentine’s Day cards are sold, and 196 million roses were given out in 2015. In fact, about 40% of annual revenue of florists is generated on Valentine’s Day (Barzel, Gary). With approximately 62% of consumers participating in Valentine’s Day, florists, jewelry stores, restaurants, and other chocolate rendering corporations send out thousands of advertisements making this holiday of love something of national importance (StatisticBrain).

This social pressure to be in love devalues the single phase of one’s life. Being single is the time in your life to figure out your life goals and the purpose of your life. This social pressure can be damaging because it coerces people to feel the need for a partner. Valentine’s Day for singles can be a lonely time, if they allow themselves to be subject to the societal pressure to be in love.




Bibliography
McArthur, Neil, and Marina Adshade. "Why It's Better to Be Single on Valentine's Day." Time. Time, 10 Feb. 2015. Web. 28 Feb. 2015.
"Valentines Day Statistics." Statistic Brain RSS. Statistic Brain, 28 Jan. 2015. Web. 28 Feb. 2015.
Barzal, Gary. "Connect With Us." MintLife Blog. MintLife, 9 Feb. 2015. Web. 28 Feb. 2015.

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1 comment:

  1. I certainly sympathize with the notion that the holiday is really about corporate profits at the expense of making single people feel sad.

    Consumerism is sort of like a small rampaging child: it ensures that we can't have anything nice in the house any more. What I mean is, the idea of many holidays are quite noble, and certainly what could be more noble than a celebration of love.

    But, it all becomes so commercial, that the original message is corrupted, and if anything it now makes more people feel worse than it did before.

    Thanksgiving seems to be the exception, as there is little gift giving involved. But, perhaps we should just replace Valentine's day with an anti-Valentine's day, and get all of the same nobility with none of the commercialism.

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