As the flowers are starting to die and candy is eaten, personal finance website finder.com has crunched the numbers and estimated Americans have spent $30.309 billion on Mother’s Day.
Below is a breakdown of how people used expensive purchases of largely meaningless, perishable goods to atone for a year of avoiding their mother’s phone calls:
· Americans spent on average $124 on their moms
· Sons were more generous, spending almost double than what daughters spent, at $177 on average compared to $97 respectively
· Millennials were the most generous for their moms, spending an average of $296 yesterday, compared to $137 by Generation X. Baby Boomers were the tightest, spending just $41 on their moms on average
· The biggest spenders were unsurprisingly those who earn between $175,000 and $200,000, showering mom with an average of $690 on gifts. The lower income end spent the least, with an average of $47 for earners on $10,000-$25,000
· Out of 37 states (13 states were excluded due to low sample sizes), Texans were the most generous, spending $248 on average on their moms. It was followed by New Yorkers, spending on average $225, then Washington ($210).
· The cheapest state was Oregon, spending on average $30 on their moms, followed by Wisconsin ($33) and Indiana ($34)
· Interestingly, Americans were more generous on Mother’s Day compared to Father’s Day, as they are planning to spend on average $84 on dads, worth a combined $20.485 billion (compared to $124 on mom or $30.308 billion combined)
(States that were included had a minimum of 40 respondents per state.)
