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Monster Money

                                                                                   In 2019, Halloween generated $8.8
                                                                                   billion in the United States. Even more
                                                                                   astonishing, $490 million of that was
                                  YESTERDAY                                        spent on Halloween costumes—for
                                                                                   pets. Yes, we spent close to half-a-
                                  & TODAY                                          billion dollars that year, just to turn Fifi
                                                                                                          1,2
                                                                                   and Fido into tiny vampires.
                                                                                   Halloween inspires a wide variety of
                                  How do you like your Halloween?                  reactions. Some object to the holiday
                                  If you lean old-fashioned, you may               for religious reasons. Others resent
                                  prefer a low-key, spooky celebration             the tradition of giving candy away to
                                  with homemade treats, costumes                   doorstep munchkins. And a select few
                                  made from whatever’s in the closet,              may identify with a young boy who
                                  and wholesome parties with apple                 waits patiently in the serenest pumpkin
                                  bobbing and popcorn balls. For many,             patch he can find, eagerly anticipating a
                                                                                   mythical gourd to bestow him with gifts.
                                  these traditions hearken back to a
                                                                                   (Thanks, Peanuts.)
                                  simpler time; one that we recognize
                                  from old movies, and sitcom reruns.
                                                                                   Regardless of how or whether we
                                  But today, Halloween means
                                                                                   celebrate, there’s no denying that,
                                  big business.
                                                                                   in the U.S., Halloween spending is
                                                                                   significant. Last year, the 172 million
                                                                                   Americans who took part in the
                                                                                   holiday festivities spent an average of
          HALLOWEEN


      12 | 2020 FALL MAGAZINE
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