Are you ready to break out your wallet?
According to the National Retail Federation's annual survey on consumer spending, Americans will spend about $9.1 billion dollars on Halloween this year. That number is even higher than last year when Halloween spending broke the record number at $8.4 billion.
Americans will be buying costumes for themselves and their pets and children, Halloween candy for the trick-or-treaters, pumpkins, and decorations over the next month.
"Americans are planning to spend more than ever as they gear up for Halloween," NRF President and CEO Matthew Shay said.
"Retailers are helping customers celebrate in style with a huge selection of costumes, candy and decorations to cater to ghosts and goblins of all ages."
Consumers will spend an average of $86.13 per household and 179 million people have said they have Halloween celebration plans this year in the survey. These total spending numbers are up from last year presumably due to an increase of trust in the economy.
According to the survey, consumers plan to spend $3.4 billion on costumes (purchased by 69 percent of Halloween shoppers), $2.7 billion on candy (95 percent), another $2.7 billion on decorations (72 percent) and $410 million on greeting cards (37 percent).
And these numbers, of course, represent spending on pets as well! 16 percent of the survey participants are planning on dressing up their pets and dressing up like them. 2.2 million people will dress up as a cat, dog, monkey, or other animal for Halloween. And pets are not going to be left out this year.
10 percent of this year's Halloweeners will dress their pet up as a pumpkin, 7 percent decided they want their cat or dog to be a hot dog, and 4 percent of the participants decided their pet will be a dog, lion, or pirate for Halloween festivities.
People shopping for Halloween fun will find their goods mostly at discount stores, but 22.3 percent will find the items they need online. Will you be part of these Halloween shopping plan statistic and buy your costume on the Internet? Check out these dog costumes from Amazon to get started.
Do you dress up your pet for Halloween? Are you dressing as a pet this Halloween? Tell us in the comments below.
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