By Conner Neustadt
Mothers Day! The one day out of the year were you give gifts for your mother because of all the things that you put her through over your life time. Or the day you forget Mother’s Day and quickly make something homemade in your room because you don’t want to be that horriable son or daughter that forgot Mother’s Day. But from a 2013 statsic from the website The Week, 36% of moms who would prefer to receive something homemade.
On to the economics of Mother’s Day, the average revenue of Mother’s Day is be about $20.7 billion, will be the amount Americans will spend this Mother's Day, according to the National Retail Federation's Mother's Day spending survey. With the gifts of Mother’s Day coming from flowers, candy, or something personal the opportunity cost of the gifts will be the deciding factor of Mother’s Day.
Flowers being the top gift in Mother’s Day consumers will be more willing to buy flowers in May because it’s the perfect season too. Causing the supply of flowers to go up, and the price to go up also. From the economics of flowers on Mother’s Day from Smartassets.com, “Mother’s Day, which command 25% of the holiday market share each with close to $1.9 billion worth of cut flowers sold.”
So, with the main markets of Mother’s Day producers will increase their surplus of cards, flowers, candy’s and products. In fact, About 133 million Mother’s Day cards are exchanged annually, according to Hallmark.
"The economics of Mother's Day: By the numbers." The Week - All you need to know about everything that matters. The Week Magazine, 08 May 2013. Web. 02 May 2017.
Silady, Alex. "The Economics of Flowers: A Mother’s Day Must?" SmartAsset. Alex Silady , 03 May 2016. Web. 02 May 2017.
"The Incredible Economics of Mother’s Day." The Incredible Economics of Mother’s Day | Democratic Party of DuPage County. DuPage County, 17 Apr. 2016. Web. 02 May 2017.