Halloween in the U.S. Special Missing...Consumer spending forecast to decline for first time since COVID-19

Spending is expected to decline for the first time since COVID-19 as consumer sentiment freezes ahead of Halloween in the U.S.

Bloomberg News and others reported that the U.S. Retail Federation expected Halloween-related spending this year to be about 5% lower than last year, when it reached a record high of $11.6 billion and 15.6 trillion won in our money.

Halloween spending continued to increase every year after dropping $8 billion in 2020 when the COVID-19 pandemic began, but it is expected to turn downward for the first time this year.

The estimated spending per person this Halloween season is $103.63 on average and 140,000 won for our money, which is $4.62 less than last year.

In particular, low-income people who are heavily affected by soaring unemployment and inflation are not expected to open their wallets this year on Halloween.