Some people think Christmas is taking over the year and Halloween is slowly being phased out, but not according to our pocketbooks! People are spending more than EVER before on the world’s spookiest night!
The National Retail Federation just released its annual report on Halloween, and this year, North Americans are going to spend $9.1 BILLION on Halloween which is up 8.3% from last year, and an all-time record.
That’s also almost THREE TIMES more than 2005, when we spent $3.3 billion. So if you use our spending as a sign of how much we like Halloween, that means it’s tripled in popularity in 12 years.
So how will we spend all that money this year? $3.4 billion will go to costumes . . . $2.7 billion on candy . . . $2.7 billion on decorations . . . and $410 million on greeting cards.
The study also found that 71% of people plan on handing out candy this year . . . 49% will decorate their house . . . 48% will wear a costume . . . 46% will carve a pumpkin . . . 35% will go to a party . . . and 31% will take their kids trick-or-treating!