With Halloween nearing, Time Moneyland has recently reported the steady rise of Americans’ Halloween spending. According to the National Retail Federation, the average American will spend about $79.83 on the holiday. From costumes to pumpkins, Halloween spending has been increasing significantly for years.
While Halloween spending did decrease at the height of the recession, the heavy spending quickly returned within a year. At a high of $4.8 billion in 2009, spending continued to jump, coming to an estimated $6.9 billion in 2011. Halloween, a night of mystery and an escape from reality, has American’s piling up on decorations, candy, and even pet costumes, totaling at higher prices than we’ve seen ever before.
To read the full article, visit http://moneyland.time.com/2012/09/26/more-americans-planning-to-spend-money-on-halloween-and-pet-costumes-this-year/.