SAN ANTONIO TX– What is better than candy piles, costumes, and scary stories? Halloween is just around the corner and with falling leaves comes empty pockets. According to t The National Retail Federation (NRF), Halloween spending is expected to reach $9 billion this year.
According to the NRF, “celebrants are planning to spend an average of $86.79 up from last years $86.13.” It was estimated that more than 175 million Americans will participate in Halloween celebrations.
Nationally, Halloween 2018 is expected to spend $6 billion more than the $3 billion in 2006. The NRF explains this increased in consumer buying according to the economy saying, “The economy is good and consumer confidence is high.” The largest margin of spending on Halloween is candy. In a graph given by the NRF, candy makes up 95% of all Halloween spending, and costumes will roughly make up to $3.2 billion.
“Maybe on costumes or maybe some candy” is what will put a dent in senior, Jose Barraza’s pocket.
For more information on Halloween spending visit the NRF website at NRF.com.
According to the survey, consumers plan to spend $3.2 billion on costumes (purchased by 68 percent of Halloween shoppers), $2.7 billion on decorations (74 percent), $2.6 billion on candy (95 percent) and $400 million on greeting cards (35 percent).