How Much Money Do People Spend on Halloween?
Halloween, a festival celebrated on October 31st, has become a significant event in many countries, especially in the United States. It is a time for costumes, trick-or-treating, and, of course, spending money. But just how much money do people spend on Halloween? The answer may surprise you.
According to the National Retail Federation (NRF), Americans spent an estimated $9.1 billion on Halloween in 2020. This figure includes spending on costumes, decorations, candy, and other accessories. The NRF also reported that the average American spent $93.89 on Halloween, with 68% of consumers planning to celebrate the holiday.
Costumes are often the biggest expenditure for many families. The NRF estimates that consumers spent an average of $89.86 on costumes in 2020. This includes both children’s and adult costumes. Children’s costumes are particularly popular, with 70% of consumers planning to purchase them. Adults, on the other hand, spent an average of $36.19 on their costumes.
Decorations also play a significant role in Halloween spending. The NRF reports that consumers spent an average of $27.76 on decorations in 2020. This includes items like pumpkins, streamers, and lights. Many people also purchase themed decorations for their homes, offices, and schools.
Candy is another major component of Halloween spending. The NRF estimates that consumers spent an average of $25.19 on candy in 2020. This includes both traditional treats like chocolate and newer items like sugar-free candy and organic options. Many families also purchase costumes for their pets, with an average expenditure of $7.09 per pet.
As Halloween continues to grow in popularity, it’s no surprise that spending on the holiday is also on the rise. The NRF predicts that spending on Halloween will continue to increase in the coming years, with more people celebrating and spending more money. This trend is likely to continue as Halloween becomes an even more significant event in the cultural calendar.
In conclusion, Halloween is a time for fun and spending money. With an estimated $9.1 billion spent on the holiday in 2020, it’s clear that Americans take their Halloween celebrations seriously. Whether you’re dressing up in a costume, decorating your home, or handing out candy, Halloween is a time to enjoy and indulge in the spooky and fun aspects of the holiday.
