Spending for Mother’s Day is expected to rise 8% from last year, according to the National Retail Federation. Either people love their mothers more than last year, of the forecast is the sign that the American recovery has not faltered as much as feared. The association reports:
According to NRF’s 2012 Mother’s Day consumer spending survey conducted by BIGinsight, the average person celebrating the holiday is expected to spend $152.52 on gifts, up from $140.73 last year. Total spending is expected to reach $18.6 billion.
The purchasing level has moved close to pre-recession levels. The NRF was quick to point out that the numbers were particularly good because gas prices are relatively high. Despite that, trips to stores will be un-effected.