U.S. consumers will collectively spend a record-high $22.9 billion to celebrate Father's Day this year, according to a National Retail Federation survey-- up from the $20 billion they dropped last year,
“Father’s Day remains a momentous occasion for Americans to honor the important men in their lives,” said Matthew Shay, CEO of the retail group.
Half of those celebrating the holiday plan to buy for a father or stepfather, followed by a husband , son , brother , friend or grandfather .
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