People Expected To Spend About $23 Billion On Mother's Day Gifts

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PHILADELPHIA (CBS) -- How much is mom worth? According to economic experts, approximately $23 billion.

That's how much people are expected to spend on Mother's Day gifts this year.

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Two billion of that amount will go toward flowers, while $4 billion will go toward jewelry.

This amounts to about $186 per person.

According to a survey from the National Retail Federation, 29 percent of moms say they want a gift of experience.

Instead of jewelry or chocolate, moms say that they would prefer a spa visit or a concert.

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This Mother's Day is expected to be the second-highest on record in terms of spending.

More money was spent on mom last year.

In:
• Mother's Day