Halloween Spending Jumps But Shoppers Watch Budgets Amid Economic Fears
-
Consumers plan to spend a record $12.2 billion on Halloween this year, up from $10.6 billion last year. The biggest splurge will be on costumes.
-
Despite optimistic spending forecasts, 73% say economic challenges will impact Halloween shopping. Many will reuse costumes or buy cheaper candy.
-
1 in 3 may use credit cards or Buy Now, Pay Later financing for holiday gifts. Others will cut essential costs or dip into savings.
-
To save money, 67% will buy discounted items and 48% will purchase fewer gifts overall. Comparing deals and shopping sales can stretch dollars.
-
Making a budget before shopping is key. Paying down high-interest debt with a personal loan can also free up monthly funds.