Halloween is getting expensive pic.twitter.com/ho82FGculE
— Wall Street Silver (@WallStreetSilv) October 27, 2024
Halloween’s cost continues to climb, putting a new kind of scare into wallets this season. In 2024, Halloween spending is projected to hit a hefty $11.6 billion, a slight drop from last year’s record-breaking $12.2 billion. While spending might not set a new high, the numbers confirm a strong demand for costumes, decorations, and candy.
The average consumer this year is expected to spend about $108, an increase from last year’s $103, according to the National Retail Federation (NRF). This uptick captures rising prices across Halloween essentials, from elaborate costumes to yard displays. Candy alone will account for a massive $4.1 billion this season, reflecting nearly double the spending from just a decade ago—a clear sign of inflation creeping into even our holiday treats.
The sustained high levels of Halloween spending illustrate the holiday’s popularity but also hint at growing financial pressure. As prices for festive essentials rise, consumers are feeling the impact of an expensive holiday season that starts with Halloween and stretches into winter. In 2024, celebrating Halloween may bring as much a shock to budgets as it does to trick-or-treaters.
Sources:
- National Retail Federation (NRF): Halloween Spending Expected to Reach $11.6 Billion
- Forbes: Average Person to Spend $108 on Halloween in 2024
- CNN: Record Spending on Halloween Candy Expected in 2024
- PJmedia: Scary High Prices Hit Halloween Sweets, Costumes.