Mother’s Day Average Cost Is Over $172

Americans will spend, on average, $172.22 to honor their moms and their wives for Mother’s Day, 2016.

That’s down a little from last year. But, collectively, the total will exceed $21.4 billion, which is above the 2015 figure. Those figures are from the National Retail Federation, which perhaps is just using it as a guilt ploy to make you spend more money. But the NRF has surveyed its members, finding that traditional gifts for Mom are popular this year. Pricy traditional gifts that is.

ABC’s Jim Ryan joined us from Dallas, TX.