Apr 30, 2013

Consumer Spending Trends: Mother’s Day Tops PopsBy Donald LiebensonMillionaireCorner.com

Consumer spending trends favor Mom this year, with Mother’s Day spending forecast to jump 11 percent, according to the National Retail Federation. Consumers will spend an average of $168.94 on mom, while total Mother’s Day spending is expected to reach $20.7 billion.

Holiday spending had been flat that this year, according to consumer spending trends tracked by the NRF. Both Valentine’s Day and Easter spending were projected to be basically unchanged from 2012. But this is mom we’re talking about.

“It’s clear that Americans this year want to honor the woman with the hardest job in the world with unique and special gifts this Mother’s Day,” NRF President and CEO Matthew Shay, said in a statement.”

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