Larger Tax Refunds Helping Fuel Record Mother’s Day Spending

Larger tax refunds helping fuel record Mother’s Day spending

According to the National Retail Federation, Americans are expected to spend $38 billion on Mothers Day this year, topping the previous record of $35.7 billion set in 2023. On average, consumers will spend $25 more per person than last year.Although just 45% of consumers say they plan to shop for jewelry, total spending on Mothers Day jewelry is expected to reach $7.5 billion. The National Retail Federation survey found that 75% of consumers wil…

Mother’s Day Jewelry Output to Lead Record Spending

The amount US consumers will spend on jewelry this Mother’s Day is set to rise amid a record high for the holiday, according to a survey conducted by the National Retail Federation (NRF). “Mother’s Day remains a priority for many Americans, and they plan to lean into the holiday despite current economic uncertainty,” Mark Mathews, chief economist and executive director of research at NRF, who conducted the poll with Prosper Insights and Analytic…

Mother’s Day spending expected to hit record $38B

WASHINGTON – Consumer spending on Mother’s Day is expected to reach a record $38 billion this year, according to the annual survey released today by the National Retail Federation and Prosper Insights & Analytics. The amount surpasses last year’s total spending of $34.1 billion and exceeds the previous record of $35.7 billion set in 2023.“Mother’s Day remains a priority for many Americans, and they plan to lean into the holiday despite current e…