Why Your Mom is the Engine of Growth in the Global Economy

May 8, 2007

Without your mom and my mom, the global economy would fall apart. Here are the top five reasons why mothers are vital to the growth of our economy:

Moms Influence Spending Decisions
Running a household means spending money. Over the course of her busy life, a mother will purchase many different products or services for her family. Even in families where the dad has the final say about how money is spent, moms have considerable influence on this decision, often more influence than the dad would like to admit.

Moms Teach Us About Money
How many times did your mom warn you about blowing your allowance all at once? Of course We’d do it anyways but eventually we’d realize that she was right. The example that mom’s set and the money lessons they teach stick with us the rest of our lives.

Moms Earn an Income
Many modern day moms have two jobs; being a mom plus a day job. The increase in the number of working mothers over the past few decades has probably added millions of dollars of value into our economy. The more money moms earn, the more taxes they pay and the more products their family can consume.

Moms Raise the Future Workforce
As an employer who are you looking to hire? Probably someone with the qualities that a mother would teach: be honest & friendly, work hard, be patient & polite, play nice. The qualities that moms instill in their children help determine the makeup & productivity of the future global workforce. If only the Enron executives had listened to their mothers……

Moms Inspire Gift Giving
Birthdays, Christmas, Valentine’s Day, & Mother’s Day are only some of the occasions that families spend millions of dollars to express their appreciation and love with gifts for their moms. What would the earnings of Hallmark cards, flower shops, and even Best Buy look like if moms weren’t around to inspire us to buy gifts?

Thanks mom for carrying the global economy on your back and raising me at the same time :) Being a mom’s not an easy job but you did a great job!

This article is part of ProBloggers Top 5 Reasons group writing project. I invite the other participants in the project to celebrate Mother’s Day this week and honor motherhood with a top five list about their mom.

Ben

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Ben
Ben Edwards, the founder of Money Smart Life, saved up enough to buy a Nintendo back when he was 12 years old. When he used the money to buy shares of Wal-Mart stock instead, he knew he wasn't like the other kids... His addiction to personal finance has paid off for his family and now he's helping you to afford the life that you want. Check him out on the web at Google Plus, Twitter and Facebook.

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