With Mother's Day approaching, LendingTree's new consumer
survey explores what consumers plan to get their mothers, how much
they plan to spend, and what mothers actually want
CHARLOTTE, N.C., May 3, 2022
/PRNewswire/ -- LendingTree®, the nation's leading
online financial services marketplace, released its survey
uncovering what mother's actually want for Mother's Day. The survey
found that the top gifts on Mom's list this year include a card
(36%), followed closely by quality time (32%) and flowers or plants
(29%). Fortunately, 57% of consumers plan to give their mom a card
this year. On the other hand, only 21% plan to spend quality time
with their mom. Additionally, the survey found that consumers will
spend an average of $225 on Mother's
Day gifts this year, up from $219
last year.
Key findings
- The No. 1 gift on mom's list this year? A card (36%),
followed closely by quality time (32%), and flowers or plants
(29%).
- Fortunately for mom, 57% of consumers plan to give mom a
card this year. On the other hand, only 21% of consumers buying
a gift this year plan to spend quality time with their mom.
- Americans will spend an average of $225 on Mother's Day gifts this year, up from
$219 last year. Men ($276) intend to spend more than women
($168), and dads will spend the most,
at $361.
- Dads say they feel pressured to give their loved ones the
perfect Mother's Day. 29% of men with children feel pressured
to overspend for the holiday, compared with 19% without
children.
- 33% of Americans might take on debt buying Mother's Day
gifts — but that's probably not what Mom has in mind. In
fact, nearly 40% of consumers say their mom has scolded them for
spending too much money on her.
- 20% of moms admit they've been disappointed by Mother's Day
gifts in the past. In many cases, spending a lot of money
doesn't always align with what moms want: 78% of moms don't expect
their kids to spend $50 or more on a
gift.
To view the full report, visit
https://www.lendingtree.com/debt-consolidation/mothers-day-survey/
Methodology
LendingTree commissioned Qualtrics to conduct an online survey
of 2,168 U.S. consumers, April 4-8,
2022. The survey was administered using a
non-probability-based sample, and quotas were used to ensure the
sample base represented the overall population. All responses were
reviewed by researchers for quality control.
We defined generations as the following ages in 2022:
- Generation Z: 18 to 25
- Millennial: 26 to 41
- Generation X: 42 to 56
- Baby boomer: 57 to 76
While the survey also included consumers from the silent
generation (those 77 and older), the sample size was too small to
include findings related to that group in the generational
breakdowns.
About LendingTree
LendingTree is the nation's leading
online marketplace that connects consumers with the choices they
need to be confident in their financial decisions. LendingTree
empowers consumers to make smarter financial decisions through
choice, education and support. Consumers can compare multiple
offers from a nationwide network of over 500 partners in one simple
search, and can choose the option that best fits their financial
needs. Services include mortgage loans, mortgage refinances, auto
loans, personal loans, business loans, student loans, insurance,
credit cards and more. Through the logged-in experience, consumers
receive free credit scores, credit monitoring, recommendations to
improve credit health, and notifications when the proprietary
algorithm identifies a savings opportunity. LendingTree, LLC is a
subsidiary of LendingTree, Inc. For more information, go to
www.lendingtree.com, dial 800-555-TREE, like our Facebook page
and/or follow us on Twitter @LendingTree.
MEDIA CONTACT:
Nelson Garcia
nelson@lendingtreenews.com
704-943-8208
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SOURCE LendingTree