This is what your dad wants for Father’s Day (and it may surprise you)

Don’t buy your dad socks this Father’s Day. Chances are, he has enough pairs already.

Americans are spending a record amount on Father’s Day gifts in 2017, a survey from the trade association National Retail Federation (NRF) found, hitting a 15-year high of $14.3 billion. Some 77% of Americans celebrate Father’s Day, which falls on June 18 this year, the study found, and the amount of money consumers spend on the holiday has increased each year consistently since at least 2007.

The average American is now spending $134.75 on gifts, up from $125.92 last year. Consumer confidence is largely behind the increase, NRF spokeswoman Ana Serafin Smith told MarketWatch.

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