Mother’s Day spending is expected to hit a new record of $26.7 billion this year, per the NRF in a new forecast, representing a 7% increase from last year’s $25 billion. A full 86% of US adults plan to celebrate Mother’s Day, which is up from 84% in 2019 and equal to the percentage who expected to celebrate back in 2018. This year these celebrants estimate that they will spend an average of $204, about $8 more than last year’s estimated spending of $196 per celebrant.
Respondents ages 35-44 are expected to be the biggest spenders once again this year, allocating an average of $296 per celebrant to Mother’s Days gifts.
Per the report, The largest amount of total spending will go to the following categories:
- Jewelry – $5.3 billion total (up from $5.2 billion last year) with 34% of celebrants buying;
- Special outings such as dinner or brunch – $4.1 billion (down from $4.6 billion), with 46% planning an outing (down from 55% last year and likely due to the coronavirus pandemic and social distancing measures in place);
- Electronics – $2.9 billion (up from $2.2 billion) with 19% planning to buy; and
- Flowers – $2.9 billion (up from $2.6 billion), with 49% expecting to purchase.
More than two-fifths (43%) of respondents said that finding something unique is an important factor when choosing a Mother’s Day gift, while 41% said it’s important to find a gift that creates a special memory.
Additionally, one-quarter (25%) of celebrants plan on giving a gift of experience for Mother’s Day this year. And, with the increase in the popularity of subscription boxes, a full 35% of respondents plan on giving one for Mother’s Day.
More data can be found here.
About the Data: The results are based on a survey of 8,294 adult consumers fielded April 1-6, 2020.