It’s the spookiest time of the year, with zombies, ghouls, and ghosts at your door. But the economics of Halloween 2017 don’t have to be scary! Here are a few fun financial facts about the holiday.
- According to a survey, consumers are expected to spend an average of $86.13 to celebrate Halloween, which is up from $82.93 in 2016. That’s not such a high price to pay, considering all the candy, costumes, decorations, and festivities the evening of ghostly fun calls for. In fact, Halloween is a relatively low-cost holiday, especially compared to the upcoming winter holidays.1
- Did you know that October 26 is National Pumpkin Day? This year, the average price of a pumpkin went down by 5.3 percent from last year, dropping from $4.35 to $4.12. Good news for all those pumpkin carving enthusiasts out there! Among those celebrating Halloween, 46 percent say they are planning on carving a pumpkin.1,2
- Is anyone creeped out by the economy? According to a September 2017 survey, 87.1 percent of respondents indicated that the current state of the economy will have no impact on their Halloween plans. Trick-or-treating seems to be in order!3
Bonus fact: Although technically not a financial fact, it is worth noting that pets will get in on the Halloween fun too! Here are the trendiest costumes for your four-legged critter: of the 16 percent of pet parents dressing up their pet, ten percent will dress their animal in a pumpkin costume, 7 percent will dress their pet as a hot dog, and 4 percent as a dog, lion or pirate.1
Dressing up your dog as…a dog? There’s always next year.