Halloween Spending Up, More Holiday Expenses Ahead

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Wednesday, October 31, 2012

A record 170 million people celebrated Halloween this year and according to the National Retail Federation, they spent more than more than they have in 10 years.

As this holiday spending spree is over there are still two more just around the corner.

Every October for the last three years, Wes Jenkins house transforms into a ghoulish pirate ship.

"Built it the first year and kind of went crazy and keep adding on every year,” Jenkins said.

So just how much treasure does he shell out every Halloween?

"I can't tell you that because then my wife's gonna get mad. No, we spend 100 to 150 dollars in candy and then another 150 to 200 at least in parts and stuff like that,” Jenkins said.

While not everyone goes all out like Jenkins, we found plenty of people who were happy to open up their wallets this holiday.

“I think every year between candy and decorations we spend several hundred dollars,” Halloween spender Gaye Tibbets said.

"I'll probably spend 100 dollars tonight on myself and my daughter's costumes,” Halloween spender Dana Engel said.

This Halloween, the average person will spend nearly 80 dollars. That's up from about 72 dollars last year. Total spending is expected to reach 8 billion dollars.

Even after it's time to put the Halloween decorations away you don't have very long before it's time to get ready for Thanksgiving and Christmas and the holidays will probably be more expensive than last year. Thanksgiving dinner for example, Americans are expected to pay about ten dollars more.

That's why some shoppers find ways to cut back where they can.

“Some of the fall decorations at craft stores, you can use part of it for Halloween and then move it into Thanksgiving and then you don't really have to go green for Christmas until after Thanksgiving. So you can spread out your budget if you plan ahead,” Halloween spender Jo Ellen Ryder said.

Wes Jenkins tells us this pirate scene pays for itself every year.

“Just big smiles, I mean the kids their jobs just drop and they're like, 'Oh my God how did you get this in your yard,'” Jenkins said.

But he says don't expect to see anything as elaborate for the other holidays this year.

"Not at all, couldn't afford to,” Jenkins said.

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