Americans' US$8.4 billion Halloween spending can fund T&T's entire budget and more

Monday, October 31, 2016 - 13:00

Like all American holidays, Halloween is really about one thing: buying stuff.

Between decorations, costumes, candy, and greeting cards, Americans are expected to spend a total of $8.4 billion in preparation for this Halloween, according to the National Retail Federation’s annual survey.

Using an exchange rate of TT$6.75 to US$1, that's TT$56.7 billion, enough to fund this country's Budgetary expenditure and still have $3 billion extra.

In comparison, Americans spent $6.98 billion.

This year’s estimate is the highest ever in the survey’s 11-year history.

The average US resident is projected to spend about $83 on Halloween-related purchases.

In an ideal world, you’d be spending your whole $83 on candy, but 67 per cent of people also plan to buy costumes for themselves, their kids, and their pets, and 70 per cent plan to plunk down cash for some new decorations.

Halloween or Hallowe'en (a contraction of All Hallows' Evening), is a celebration observed in a number of countries on the 31st October, the eve of the Western Christian feast of All Hallows' Day.