Trick-or-Not? Americans spending less on popular holiday
The National Retail Federation says Americans will spend less on the holiday than in previous years.
A survey shows about 158 million Americans are expected to celebrate this year. That’s down from a record high of 170 million in 2012. Each person is expected to spend $75 on costumes, decorations and candy. That’s a $5 drop from last year when people spent about $80 on average.
Five thousand people were surveyed for the study. Twenty-five percent of them say the unstable economy directly impacts their spending plans.
The survey also shows more than 7-in-10 Halloween participants will hand out candy, which is expected to bring in more that $2 billion in sales.