Mother’s Day is only a few days away and so far spending has increased on Mother’s Day gifts. Shoppers are expected to spend an average of $152.52 which is up 8% from 2011. Mom’s in the south are being pampered just a little bit more with an average of $166.41 spent on them. Young professionals between 25-34 are planning on spending the most on Mom this year.
Have you purchased your Mother’s Day gift yet? Is so what did you buy your mom this year?
Sean Bryant created OneSmartDollar.com in 2011 to help pass along his knowledge of finance and economics to others. After graduating from the University of Iowa with a degree in economics he jumped into the world of finance. Sean has worked on the trade desk for a commodities brokerage firm, he was a project manager at Zacks Investment Research and was a CDO analyst at Bank of America. That being said he brings a good understanding of the finance field to the One Smart Dollar community.
Today, Sean has become a well known voice in the personal finance community. He's been featured in Time.com, Rocket Mortgage, Yahoo Finance, Huff Post, CBS News, Fox News, MarketWatch, Nasdaq.com, Investopedia.com, and GoBankingRates.com.
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My mom has given me so much, I don’t have a problem with giving her what she wants for mother’s day. This year she asked for some lululemon workout pants ($88!) so it came out to $95 with tax and all, but it’s worth it and she loves their clothes to work out in. I didn’t hesitate to get em for her! Last year I got her a massage and she hasn’t even used it yet.
My wife loves lululemon. They are prices but high quality. Its a nice splurge for her.
Sorry Mom but I can’t afford to spend as much as the average American. I don’t think I’ve ever spent that much on her for any holiday. I am surprised that the average is so high though.
Yeah I never spend that much. I will usually spend $75 or so for Christmas and buy her flowers on Mother’s Day.
I guess this makes me a bad son but I bought my mom a $4 card and that’s all she gets. 🙂 I’m glad I could help bring that average down!
You’re not a bad son, you’re a normal son 🙂