US Mother\u2019s Day spending is expected to total $31.7 billion this year, up 13% or $3.6 billion from 2021\u2019s record spending of $28.1 billion, according to the annual consumer survey released by the National Retail Federation (NRF) and Prosper Insights & Analytics.<\/p>\n\n\n\n
The survey of 8,574 consumers was conducted from 1st<\/sup> to 11th<\/sup> April, 2022, and has a margin of error of plus or minus 1.1 percentage points. Approximately 84% of US adults are expected to celebrate Mother\u2019s Day.<\/p>\n\n\n\n \u201cConsumers are eager to find memorable ways to honour their mothers and other important women in their lives and are willing to spend a little extra on this sentimental holiday,\u201d said NRF President and CEO Matthew Shay.<\/p>\n\n\n\n Consumers are planning to spend $25 more this year on Mother\u2019s Day purchases and are expected to spend a record average of $245.76.<\/p>\n\n\n\n Jewellery purchases and special outings such as dinner or brunch are driving this year\u2019s spending increases, marking a record in the survey\u2019s history for average spending in both categories.<\/p>\n\n\n\n \u201cJewellery remains a timeless gift selection for Mother\u2019s Day and continues to capture an increasing market share,\u201d said Prosper Vice President of Strategy Phil Rist. \u201cForty-one percent of consumers are planning to gift jewellery this year, up from 34% in 2021 and total spending on jewellery is expected to reach $7.0 billion.\u201d<\/p>\n\n\n\n Over one-third (36%) are planning to make their purchases for the holiday online. Another 30% of consumers are planning to shop at department stores, 27% at specialty stores and 23% at local small businesses.<\/p>\n","protected":false},"excerpt":{"rendered":" US Mother\u2019s Day spending is expected to total $31.7 billion this year, up 13% or $3.6 billion from 2021\u2019s record spending of $28.1 billion, according to the annual consumer survey released by the National Retail Federation (NRF) and Prosper Insights & Analytics. The survey of 8,574 consumers was conducted from 1st to 11th April, 2022,…<\/p>\n","protected":false},"author":1,"featured_media":15097,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[83],"tags":[],"thb-sponsors":[],"class_list":["post-15096","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bulletin"],"acf":[],"yoast_head":"\n