Americans Spend a Scary Amount on Halloween. Here are some Spooky Stats.

Leave a comment

October 30, 2014 by Lisa Brammer

Americans spend a staggering amount of money on Halloween and more people than ever will be celebrating this year. According to a survey conducted by the National Retail Federation, the majority of Americans—162 million—will be celebrating the holiday this year (up from 158 million in 2013) and spending $7.4 billion to do so.

If you think Halloween is primarily a children’s holiday, guess again. This year, consumers are expected to spend $2.8 billion on costumes and while $1.1 billion will be spent on getups for the kiddies, more will be spent on adult costumes, $1.4 billion. 78% of adults 18-24 will dress-up for Halloween this year and spend, on average, $87 compared to 73% spending $78 last year. Pets are even a part of the action, $350 million will be spent on outfits for our four-legged friends.

Trick-or-treaters should bring a large pillow case or other large container with them when they hit the streets because $2.2 billion will be spent on candy.

What would Halloween be without decorations? Some prefer a whimsical festive approach while others favor a more traditional frightening display, either way, American’s will spend $2 billion adorning their yards, doorsteps, and homes.

According to the survey, almost one-third of Halloween participants will start their holiday shopping before October 1st. I wish the NRF had a statistic for the percentage of candy bought for trick-or-treaters that actually makes it into their sacks. I, for one, break into our stash and indulge long before the first door-bell rings on October 31st.

But Halloween is not all about candy; haunted houses, ghostly mazes, and other live-action entertainment can be found all around this time of year. 33 million people will spend $300 million on these types of attractions as part of their celebration.

So whether you plan to go trick-or-treating with your children, be frightened in a haunted house, dress as a zombie, find your inner princess, or just relax handing out candy to all the Elsa’s and teen-age mutant ninja turtles, have fun and please be safe.

Happy Halloween!

Founded in 1950, United Credit Service, Inc. is a full service, licensed revenue cycle management and debt collection agency in Wisconsin providing highly effective, customized one on one management and recovery solutions for our business partners. We offer pre-service collection solutions as well as traditional back-end collections. Visit our website at http://www.unitedcreditservice.com or call 877-723-2902.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: