Economic Effect on Mother’s Day

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Michael Davis Economics 101 December 6, 2012 Economic Effect on Mother’s Day This paper was prepared for Economics 101 taught by Professor Richard Dale By now, most of us have felt the effects of our harsh economy firsthand. Whether you’ve lost a job, found yourself working longer hours to compensate for company layoffs or you simply lie awake at night worrying about the state of the union — somehow we’ve all had our foundations rocked by the ripple effects of the financial implosion. Unfortunately, the poor economy has impacted more than just the employer/employee relationship, and many families are finding it necessary to alter established roles and lifestyles in light of economic changes. Often at the helm of this reconfiguration are working mothers, attempting to maintain the precarious balance between work and home. Mother’s Day is a celebration that honors mothers, motherhood, maternal bonds, and the influence of mothers in society. It is celebrated on various days in many parts of the world, most commonly in March, April, or May. Since Mother’s Day became a national holiday in 1914, tradition suggests that it’s mom’s day off. A Market Day online survey found that of those families that celebrate Mother’s Day at home, 38 percent of moms will prepare their own family’s Mother’s Day meal this year. The online survey was conducted with more than 945 respondents. If you think the economy is contributing to the rise in keeping mom in the kitchen to conserve expenses, so far that does not seem to be the case. In fact, 73 percent of respondents indicated that the economy will not affect their Mother’s Day celebration this year at home. However, for the 27 percent who are feeling the economic pinch, 51 percent will not opt for restaurant dining or will go to a less expensive restaurant. 1. The modern holiday of Mother's Day

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