Boo! Americans will spend $9.1 billion on Halloween this year
The spookiest time of year is here, and in addition to ghouls and goblins, Halloween also carries a massive price tag.
The biggest chunk of the spending will go towards costumes, with holidaymakers spending $3.4 billion to dress up like their favorite monsters and superheroes. For those impatiently waiting to satisfy their sweet tooth, never fear. Americans are expected to spend $2.7 billion on candy this year.
Broken
down, the NRF predicts that each person will spend an average of $86.13
on Halloween festivities, up from last year’s figure of $82.93. All of
that spending can seem scary if money is tight, nevertheless, people
seem up to the challenge. Just 12.9% say that their spending will be
impacted by the economy.
The truth is, there
are a handful of other money woes that spook Americans more than
shelling out billions for costumes. To find these hidden terrors,
WalletHub conducted their own Halloween survey to determine the most pressing financial fears facing Americans today. It turns out that 26% of Americans fear an unplanned emergency, and the same percentage of people fear not having enough retirement savings. On the other hand, 20% fear losing their job, 7% fear poor credit, and 11% fear fraud.
Indeed, losing your money or being misled is much more terrifying than creepy crawlers, in fact, 72% of people say that data breaches (ahem, Equifax), are scarier than spiders.
We don’t know about you, but all of those financial setbacks sound way scarier than a thriller movie.
This article is from Yahoo Finance. Have A Great Cheap Cheetah Day!
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