From News Nation:
“Despite inflation, consumers
to spend $31.7 billion on Mother’s Day”
Inflation may be up, but it’s not
stopping Americans from celebrating their mothers on Sunday. This year,
consumers are expected to spend $3 billion more than last year, and the most
popular item will be flowers. From
lilacs to roses, nearly every flower in your favorite bouquet comes through
Miami International Airport. It has the largest FedEx hub for flower imports,
with one million stems or 300,000 boxes daily.
Before these arrangements make it to your loved ones, they’re loaded off
planes and into the FedEx cold room, then inspected by U.S. Customs and Border
Patrol agents, trained to look for pests or diseases. This year, agents have
been working around the clock to meet the high flower demand for this Mother’s
Day. It’s not just the flower industry that’s blooming. According to a National
Retail Federation’s Consumer survey, approximately 84% of Americans will
celebrate Mother’s Day this weekend and spend more money than last year.
Seventy-two percent of consumers
will give the traditional Mother’s Day bouquet, but 41% will gift their moms
jewelry, and 27% will share experiences like brunch, a concert or a sporting
event. This totals $31.7 billion in spending this Mother’s Day — $3 billion
more than last year’s record high. Aside from the monetary value, another top
priority this year after the last two years of COVID-19 is quality; nearly half
of consumers are giving gifts where they can spend time together and make
unique memories.
^ This is a lot of money, but
doesn’t really surprise me. ^
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