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A Mother’s Day Boost for the Economy?

My mom is amazing, caring, honest, patient, and beautiful – I could go on and on.  She was my first best friend and I have always been by her side – you can ask her – I had a constant grip on her pant leg at all times when I was little!  I still talk to her almost daily.  I don’t think I could ever show her just how much I love and appreciate her.  With Mother’s Day quickly approaching on May 13th, it’s a very special time to show your mom or any woman in your life just how much you appreciate them!

Even with the slow economy, people still want to splurge and pamper their moms.  It seems that Mother’s Day may be recession-proof!  A 2011 survey from the National Retail Federation (NRF) and BIGresearch estimates that $16.3 billion was spent on Mother’s Day – beating out Valentine’s Day ($15.7 billion) and Easter spending ($14.6 billion).  This was the highest rate of spending for Mother’s Day since 2008. The NRF estimates that Mother’s Day is the third largest spending holiday, behind Christmas and back-to-school.

According to the survey, top gifts for mom were jewelry, special outings – like brunch or dinner – flowers, and electronics. The average spent per person was $140 in 2011.  Husbands and sons typically spend slightly more than mothers and daughters.  Men spend an average of $168 on gifts compared to $114 spent by women.

You don’t always have to buy luxurious items to show your appreciation to your mom.  There are several inexpensive ways to show your mom just how much she means to you.  You could make her a meal, give her coupons to do housework or gardening around her house, use photos to make a personalized gift like a mug or calendar, a gift card to her favorite store, or just simply spend time with her.

Mother’s Day is a day to put the woman first who usually puts herself last.  Whether you buy your mom a luxury item or go the economical route – make sure to let her know just how much she means to you.  Happy Mother’s Day to all the moms out there!

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