Although the idea of Father's Day was conceived in 1909 by Sonora Dodd of Spokane, Wash., to honor her father, a widowed Civil War veteran who was left to raise his six children on a farm, it wasn’t until 1966 that Pres. Lyndon Johnson designated the third Sunday in June as Father's Day.
What will consumers spent this year?
The average person will spend $114 on neckties, tools, electronics, and other special gifts for dad, slightly down from $120 last year.
Total spending for the holiday is expected to reach $12.5 billion, according to a survey done for the National Retail Federation.
While most people, 64.1 percent, will say thank you to dad with a greeting card, four in 10 will treat dad to new clothing items such as neckties and sweaters, spending a total of $1.8 billion, while another 43 percent will celebrate with special outings such as dinner or a tickets to a sporting event, spending a total of $2.5 billion.