CNN/Money 

Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

News > Jobs & Economy
graphic
$10 billion for Mom
Industry group estimates consumers will spend on jewelry, flowers and clothes for Mother's Day.
April 22, 2004: 9:34 AM EDT

NEW YORK (CNN/Money) - You can't put a price tag on Mom but she is becoming a little bit more expensive to shop for, an industry report said Wednesday.

According to a National Retail Federation (NRF) Mother's Day survey, consumers plan to spend an average of $98.64 on a gift for Mom this year, up 1.3 percent from $97.37 last year, while total Mother's Day spending could exceed $10 billion.

Flowers, cards, jewelry and food are the top gift choices this year, the survey said, with the average consumer planning to spend $62.40 on jewelry, $31.89 on clothes and $40.54 on a lunch date with Mom.

"Though Mother's Day celebrations and gifts will vary, many consumers see this as an important day to honor the women in their lives," Tracy Mullin, president and CEO of the NRF said in a report. "With all the sacrifices mom has made over the years, Mother's Day is an opportunity to give something back."

Mother's Day is May 9.  Top of page




  More on NEWS
Biggest lottery jackpots in U.S. history
Warren Buffett is not a fan of Donald Trump
Powerball jackpot reaches $348 million
  TODAY'S TOP STORIES
My American Dream: Legal help for immigrants
Biggest investment mistakes celebrities make
Honest Company fires back against lawsuit




graphic graphic