Halloween Spending

Many Americans are unaware of just how much money we all spend as a whole each year on Halloween: 7 billion. Considering our countries financial state, Businesstime.com is wondering what the logic is behind spending extra money on costumes, candy, and decorations when many Americans are watching their spending so closely. Seven billion dollars for one night is a lot for a minor holiday, if you even consider Halloween a holiday. MSN reports that simply because of the major amount of money spent on Halloween it is turning into a major holiday. This is good for businesses and novelty shops because their revenue is seeing an increase as Halloween spending rises. The National Retail Federation says that the average person celebrating the holiday will spend about $75 on decor, treats, and costumes. In my opinion, that seems like a lot of money to spend on a rather pointless holiday. Maybe most Americans have a more emotional connection to Halloween than myself, but 7 billion dollars is a scary number!