Halloween embraces the bizarre and the frightening. What may be scariest thing you see this Halloween is the price tag attached to its celebration. According to a study by LendEDU, the average American spends $169.81 on Halloween festivities. 2017’s celebration is estimated to reach a record high of $9.1 billion spent on decorations, candy, and costumes.
If you are planning to host a party or an event, your personal costs will be even higher. 31% of Americans intend to host a party this Halloween season. The added prices of food, drinks, and party activities, in addition to your own costume, may dissuade you from being this years “Ghost Host.”
According to fortune.com, Americans spend $2.6 billion dollars on candy alone. 9 billion candy corn kernels, the traditional candy, will be produced for this 2017. $1.9 billion will be spent on decorations, and 1.5 billion pounds of pumpkins will be produced.
Is it worth it? Halloween may be increasingly commercialized, but it is still rewarding for many people. Certain aspects of Halloween may not be worth the costs. For example, $million is spent on costumes for pets. This sort of spending may be unnecessary and excessive. However, carving pumpkins with friends, indulging on snickers bars, or feeling like a superhero for a day may be an extremely valuable, traditional, and joyous experience for many Americans. Consequently, I believe you have to find the right balance between frugality, and festivity.