On Mother’s Day each year, billions of dollars are spent on moms nationwide — the National Retail Foundation estimates that just over $274 is spent, per person, to show moms some love. And this year, estimates are that consumers plan to shell out $35.7 billion for Mother’s Day celebrations. But, at the same time, data from the Financial Health Network and a report from Century Foundation show that millions of mothers face retirement insecurity. Nearly half of all moms say they have little to no retirement savings.
