Shaky Economy to affect Halloween Celebrations

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Shaky Economy to affect Halloween Celebrations

A survey has been carried out for the National Retail Federation. As per the same, it has been uncovered that shopping for Halloween seems to have reduced.

For past many years, Halloween spending has been quite good. But this time, it seems that shaky economy is going to take a toll on the holiday.

Some of the facts unveiled through the survey are that in comparison to 170 million Americans that took part in Halloween in 2012, this time around 158 million Americans are going to take part in the celebrations.

Another thing that has been unveiled is that this time people have been thinking to spend little less on Halloween. This time, people have affirmed that they will be spending $75, which is $5 less than last year's amount.

The survey has been conducted before the federal government faced partial shutdown. At that time, the retailers have got quite scared. They were of the view that there are chances that the stores might become ghost towns.

Though the shutdown phase is over now, things will affect the consumers'  mind. "The effect of the government shutdown has already been felt because it lasted more than half the month", affirmed Nikoleta Panteva, a retail analyst with IBISWorld.


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