Mother’s Day: How much did you spend? | Legacy Wealth Management

Mother’s Day is an annual celebration that honors mothers and motherhood.

The modern holiday was first celebrated in the United States in 1908, and later in 1911 it was observed as a holiday in all U.S. states.

Initially the holiday was celebrated out of sentiment, however, it was soon commercialized when Mother’s Day cards were put on shelves in the early 1920s.

In 2022, U.S. consumers planned to spend nearly three and a half billion U.S. dollars on just gift cards for Mother’s Day. This year, analysts expect consumers to spend almost $36 billion celebrating their mothers.

Material prepared by Sherman Portfolios, LLC.

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