Mother’s Day is the second-largest spending holiday in the U.S. behind Christmas.
The National Retail Federation predicts that Americans will drop a whopping $31.6 billion on mom this year.
Each buyer is expected to spend more than $245 on average. So, what are we buying?
The NRF says 75% will buy greetings cards followed closely by 72% purchasing flowers. Clothing, jewelry, and gift cards are also presents we will surprise mom with on May 8 this year.
More than half of those celebrating moms will do it with an outing to a restaurant or spa day gift.
DebtHammer.org surveyed 700 people to ask about Mother’s Day and gave us an interesting statistic.
If motherhood was a paid position, 38% of respondents believe that a six-digit salary was deserved. In comparison, 29% think fatherhood deserves that same salary.