Wednesday, October 31, 2012

Halloween Seems to Have Become a Big Deal

October 31, 2012
Believe it or not, Halloween is the United States second largest commercial holiday. According to one source, folks spend approximately 7 billion dollars on costumes, parties, treat and all the other accouterments to celebrating this holiday. It was only in the mid twentieth century that Halloween took on so many activities. While it began at that time to be a mostly children's event, it gradually was part of adults party planning. I read somewhere that adults spent $1.4 billion dollars on costumes while $1.1 billion is spent on children's costumes.
If all these spending figures are correct, we should see an uptick in consumer spending for the month of October.

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