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svetikd/getty images October 07, 2022 Kevin Payne is a freelance writer focused on the personal finance and travel spaces. He frequently writes about credit cards, banking, student loans, insurance, travel rewards and more. He is also the personal finance expert behind Family Money Adventure, where he regularly shares practical advice on managing family finances and traveling with a family. Bankrate logo The Bankrate promise
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You have money questions. Bankrate has answers. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. Bankrate follows a strict , so you can trust that our content is honest and accurate. Our award-winning editors and reporters create honest and accurate content to help you make the right financial decisions. The content created by our editorial staff is objective, factual, and not influenced by our advertisers. We’re transparent about how we are able to bring quality content, competitive rates, and useful tools to you by explaining how we make money. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories. Other factors, such as our own proprietary website rules and whether a product is offered in your area or at your self-selected credit score range can also impact how and where products appear on this site. While we strive to provide a wide range offers, Bankrate does not include information about every financial or credit product or service. For one night each year, neighborhoods across the country (and the world) fill with ghosts, goblins, superheroes and other astounding creatures and sights to celebrate one of the — Halloween. Kids and families take to the streets dressed up as their favorite characters in search of the finest candies and spookiest happenings. Decorations and carved pumpkins grace doorways and windows, providing light to evening festivities. This year, Halloween occurs on Monday, Oct. 31, 2022. America continues to rebound from shutdowns and disruptions, including a return to regular Halloween traditions and spending. COVID-19 put a halt to many Americans’ holiday spending habits, but as the country continues to become more open, there’s a chance that Halloween spending will return to normal too. Lightbulb Tricks, treats and spooky takeaways All Hallows’ Eve, or Halloween as it is more commonly known, developed from the ancient Celtic ritual of Samhain, which is a festival celebrating the changing of the seasons from summer to winter. () This year, total Halloween spending is expected to reach a record $10.6 billion, exceeding last year’s record of $10.1 billion. () Dating back 2,000 years, Halloween has evolved into a celebration revolving around child-friendly activities like dressing in costumes, trick-or-treating and carving pumpkins. () The custom of Halloween is believed to have come to America in the 1840s as Irish immigrants were fleeing a potato famine. () Trick-or-treating is believed to derive from an Irish tradition of going door to door to collect money and other offerings for one’s dead relatives. Failure to offer a treat would result in a practical joke. (Reuters) In the 1800s, as people immigrated to America from England and Ireland, they took their Halloween traditions with them. But instead of carving turnips, they made their Halloween lanterns out of pumpkins. () The cost of Halloween
Kids love to dress up like their favorite characters and creatures and fill their bags and bins with bite-sized candy bars and other treats. Parents celebrate the holiday, too, but also foot the bill for Halloween festivities. Consider all of the possible costs associated with Halloween depending on how festive you want to get. Costumes are one of the primary costs, especially if you have kids. If you prefer to open your doorway to neighborhood kids, you need to buy enough candy to keep your bowl filled all night. There are also pumpkins, indoor and outdoor decorations, lights and more. Throwing a Halloween party means more costs like food, drinks and other fun. Americans don’t just spend money on Halloween. They also spend time participating in various activities and preparing for trick-or-treating and other festivities. Here’s a look at how Americans plan to celebrate Halloween this fall. According to the (NRF), total Halloween spending in the U.S. is expected to reach $10.6 billion in 2022, topping last year’s record of $10.1 billion. The increased spending is likely due to consumer participation returning to pre-pandemic levels, with 69 percent of American consumers planning on participating in Halloween festivities this year. In 2021, consumers spent an average of $103 on Halloween candy alone. This year will likely fall just under that amount at $100 per consumer, according to NRF data. Unsurprisingly, costumes account for a good portion of consumer spending for Halloween. Spending on kids’ and adult costumes is expected to be $2.9 billion in 2022 — the highest amount since 2017. While Halloween can rack up a significant bill depending on how intricate and spooky your decorations are, or how elaborate your children’s costumes end up being, it isn’t the most expensive holiday based on consumer spending. The following table compares Halloween with other widely celebrated holidays throughout the year: Holiday Average Spend Halloween $100 $997.73 $169.79 / $245.76 / $171.79 $175.41 How much do Halloween costumes cost
Americans spent $3.3 billion on Halloween costumes for kids, adults and pets in 2021. This year, spending on costumes is expected to increase to $3.6 billion, with households spending an average of $33.75 each this fall. It’s exciting to get dressed up for Halloween, but half the fun lies in choosing a costume. Whether or not you’re dressing up as your favorite trending character from this year’s box office or picking a class character you look up to, duplicating a costume can cost a pretty penny. And let’s face it, the opportunities are endless — even for our furry friends. According to the NRF’s recent survey, the top costumes for 2022 are: Kids
Spiderman Princess Witch Ghost Superhero / Batman Adults
Witch Vampire Ghost Pirate Cat / Batman Pets
Pumpkin Hot Dog Bat Bumblebee Witch Spiderman is the most popular costume choice for children, with over 2.2 million kids planning to dress up as the web slinger. Adults prefer traditional costumes, with 5.3 million adults planning to dress like witches. And for pet owners who love to dress up their furry friends, 9 percent plan to dress their pets up as pumpkins this year. The cost of candy
It wouldn’t be Halloween without massive amounts of candy to fill plastic jack-o-lanterns, pillowcases and children’s (and parents’) bellies. Americans are expected to spend this year for an average of $29.51 per household. Of course, everyone has their favorite Halloween candy of choice. As a parent, I’ve enjoyed my fair share of the spoils from my kids’ trick-or-treating adventures. I have my favorites too. recently released data on the most popular Halloween candies nationwide. The top 10 favorite Halloween candies in America are: Reese’s Cups Skittles M&Ms Starburst Hot Tamales Sour Patch Kids Hershey Kisses Snickers Tootsie Pops Candy Corn As with most surveys, we can debate which candy reigns supreme at Halloween. The cost of Halloween decorations
Seventy-five percent of American consumers plan to spend money on Halloween decorations this year, for a total of $3.4 billion in spending. American households will spend an average of $31.89 on Halloween decorations this year. Not everyone turns to retail stores for premade Halloween decorations. Americans also enjoy making DIY Halloween decorations from scratch. Lighting retail specialists at Festive Lights analyzed Pinterest data to determine the most pinned Halloween decorations in 2022. The are: A pumpkin arch DIY skeleton hand candle sconce Floating candles Halloween candy glove treats Halloween craft mason jars The cost of pumpkins
Pumpkins are synonymous with Halloween. Americans have been as far back as the 1800s. Now, pumpkins are a part of American home decor, lighting up porches and windows across the country. shows that the average retail cost of pumpkins in the fall of 2021 was $4.98. With 44 percent of consumers planning to carve pumpkins this year, it’s one of the most popular Halloween activities among Americans. Pumpkins come in all shapes and sizes. Choosing the right one depends on your personal preference, but the will help you find one that will last: Look for pumpkins with a consistent, deep orange color. Find a pumpkin free of nicks and bruises. Pumpkins with a flat base will help them stand up when displayed. Pick a pumpkin with a strong, sturdy stem. Keep in mind, pumpkins typically start to decay within two to three weeks (or within a few days) once carved. How to keep Halloween costs low
There’s no rule that says you must spend a lot of money on Halloween. Despite rising costs in many spending categories, there are ways to save money this Halloween. Spread out costs. Using (BNPL) services can help divide Halloween costs into . Popular BNPL services include Afterpay, Affirm and Klarna. While this may seem like quite an appealing option when it comes to stocking up on Halloween gear, don’t get in over your head. Only consider this as an option if you can develop a plan to cover the broken-up cost into four equal payments over two-week intervals. Earn rewards. If you are preparing to drop some money on Halloween this year, consider using a to earn points or cash back to offset the cost of decorations, costumes and other holiday expenses. Here are our top picks for the . Shop local. You may save money buying pumpkins from a local farm instead of buying them at retail stores. And if you decide to go this route, you’re supporting a local business while enjoying a day at the pumpkin patch. Get crafty. Making your own Halloween costumes and decorations can help you save money compared to store-bought versions. Take a trip to your nearest thrift store and try to duplicate your costume as best you can. This time of year, stores like Goodwill always have sections dedicated specifically to Halloween costumes and decor. FAQs
When is Halloween
Halloween falls on Monday, October 31, 2022.
Is Halloween only in America
Halloween is widely celebrated worldwide, not just in the United States.
Why is Halloween celebrated
Halloween’s history may date back several hundred years to Celtic festivals celebrating the beginning of the ancient winter. The holiday’s origin may also include the celebration of All Hallows’ Eve, the day before All Saints Day in Christian traditions.
Is Halloween a national holiday
While it is widely celebrated in America, Halloween is currently not a federal holiday. br The bottom line
Whether you like to build your costume from scratch with second-hand materials or deck your entire house out so it’s the spookiest one on the block, Halloween can be a fairly costly holiday — but it doesn’t have to be. If you are planning to drop some money this Halloween, by using a or take advantage of a BNPL offer. Just keep in mind that any time you utilize financing of any kind, it is important to have a plan. Happy Halloween! SHARE: Kevin Payne is a freelance writer focused on the personal finance and travel spaces. He frequently writes about credit cards, banking, student loans, insurance, travel rewards and more. He is also the personal finance expert behind Family Money Adventure, where he regularly shares practical advice on managing family finances and traveling with a family. Related Articles