Halloween will be here before you know it and Americans will once again dig into their pockets. According to the National Retail Federation, the total amount spent around this spooky season is forecast to reach a new high of $9.1 billion. That figure is up from $8.4 billion in 2016. The most money is expected to be spent on costumes, with $3.4 billion going towards Halloween attire. Other estimates include $2.7 billion for candy, $2.7 billion for decorations, and $410 million on Halloween-related greeting cards.
According to the report, "Consumers are expected to spend an average $86.13, up from last year's $82.93, with 179 million Americans planning to partake in Halloween festivities, up from 171 million in 2016." Batman may be the most popular costume, with an estimated 2.9 million caped crusader clad kids running around the country.
More scary stories from TheStreet:
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- What Is Your State's Favorite Halloween Candy?
Editors' pick: Originally published Oct. 10.