NEW YORK ( CNBC) -- Here it comes, Mother's Day, the second biggest gifting holiday on the calendar behind Christmas. This year, consumers are expected to stretch their budgets to show Mom the love. Consumers are expected to spend an average of $152.52 on Mother's Day gifts, up about 8% from $140.73 last year, according to a survey conducted by BigInsight on behalf of retail industry trade group, the National Retail Federation. Total spending should reach $18.6 billion. "Despite grappling with high gas prices, Americans will look for sentimental and unique ways to shower mom with affection this year," said NRF President and CEO Matthew Shay.
By Christina Cheddar Berk, News Editor
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