Which area of Halloween shopping is goblin up the most of consumers' budgets?

Answer: Costumes are the #1 item at $33.92 spent per household. 

Questions:

What are some ways you could limit the amount of money you spend on things like decorations, candy, and costumes for Halloween?

What role did social media have on your Halloween spending this year (e.g., did you find costume ideas on Instagram or TikTok?) Explain.

How would you compare your spending on Halloween compared to other big consumer holidays like Christmas or Valentine's Day? 

Here are the ready-to-go slides for this Question of the Day that you can use in your classroom.

Behind the numbers (National Retail Federation data):

Those taking part in the spooky season plan to spend an average of $103.63, about $4.62 less than last year’s record of $108.24. Across spending categories, candy remains popular with total spending expected to reach $3.5 billion. Total spending on decorations is expected to hit $3.8 billion, costumes at $3.8 billion and greeting cards at $0.5 billion.

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About the Author

Dave Martin

Dave joins NGPF with 15 years of teaching experience in math and computer science. After joining the New York City Teaching Fellows program and earning a Master's degree in Education from Pace University, his teaching career has taken him to New York, New Jersey and a summer in the north of Ghana. Dave firmly believes that financial literacy is vital to creating well-rounded students that are prepared for a complex and highly competitive world. During what free time two young daughters will allow, Dave enjoys video games, Dungeons & Dragons, cooking, gardening, and taking naps.

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