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Mixed opinions surround Father's Day's significance. While rapper Plies expressed disdain on social media, comparing it to Groundhog Day, fast-food chains offered deals, and projected spending is up to a record-breaking $24 billion, according to the National Retail Federation and Prosper Insights & Analytics. However, this still lags behind Mother's Day spending, although the gap is narrowing. Other studies, like RetailMeNot's, show a decrease in Father's Day spending.

Prepared by Emily Rhodes and reviewed by editorial team.