BELOW SUPERNAV drop zone ⇩

Despite inflation, consumers to spend $31.7 billion on Mother’s Day

MAIN AREA TOP drop zone ⇩

MAIN AREA TOP drop zone ⇩

ovp test

mLife Diagnostics LLC: Oral Fluid Drug Testing

Male shot by female at Shreveport apartment

Class to create biodiverse backyard

Rules for outbursts at Caddo School Board Meeting

Testing widget old system

Lorenzo shared

Mortgage Calculator

This calculator helps you estimate your monthly mortgage payment. It adds up the loan payment (principal + interest), property tax, and insurance. The loan payment is spread out over the years of your loan term.

This is the total amount you're borrowing from the bank.
This is the yearly interest rate on your loan.
This is how long you'll take to repay the loan.
This is the yearly tax you pay on your property.
This is the yearly cost to insure your home.

Monthly Payment Breakdown

Principal and Interest: $

Property Tax: $

Homeowners Insurance: $

Total Estimated Monthly Payment: $

MIAMI (NewsNation) — 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. 

Business

Copyright 2024 Nexstar Media Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed

Site Settings Survey

 

MAIN AREA MIDDLE drop zone ⇩

Trending on NewsNation

MAIN AREA BOTTOM drop zone ⇩

tt

KC Chiefs parade shooting: 1 dead, 21 shot including 9 kids | Morning in America

Witness of Chiefs parade shooting describes suspect | Banfield

Kansas City Chiefs parade shooting: Mom of 2 dead, over 20 shot | Banfield

WWE star Ashley Massaro 'threatened' by board to keep quiet about alleged rape: Friend | Banfield

Friend of WWE star: Ashley Massaro 'spent hours' sobbing after alleged rape | Banfield

Cloudy

la

63°F Cloudy Feels like 63°
Wind
0 mph E
Humidity
85%
Sunrise
Sunset

Tonight

Cloudy. Low 62F. Winds light and variable.
62°F Cloudy. Low 62F. Winds light and variable.
Wind
2 mph E
Precip
4%
Sunset
Moon Phase
Waning Gibbous