Whenever summer approaches, we can expect sunny weather and beach attire. It’s also the time of year that we spend money on our parents to show our gratitude.
A staggering 85 percent of Americans plan to celebrate Mother’s Day this year, and the average person will spend nearly $200. Millennials will spend the most, with an average of $252 per millennial.
Read on to find out what we’re spending our Mother’s Day moolah on. You may be surprised at some of the top categories.
- $5 billion on jewelry
- $4.2 billion on special outings
- $2.6 billion on flowers
- $2.5 billion on gift cards
The list goes on. Clothing, electronics, greeting cards and spa days were also popular gifts for the women in our lives.
Even with the prevalence of online shopping, 70 percent of consumers shopp in-person for Mother’s Day gifts. Maybe it’s because brick-and-mortar stores allow you a chance to see items in person before purchasing (and to buy last-minute gifts).
Lastly, mothers and wives lead the list for who’s receiving gifts. Also on the list? Daughters, grandmothers and friends.
As we start to look ahead to Father’s Day, it’s time to consider what you may buy to celebrate your dad. Our history of dad toys will definitely give you some ideas.