Americans have developed a penchant for spending ever more to dress up their pets at Halloween, but the budget line for Fido and friends is taking a hit this year amid a projected drop in overall spending for the holiday.
Even as a declining percentage of us say the economy is weighing on our Halloween-spending decisions, fewer people are planning to get involved in the upcoming scarefest. That means a smaller number of critters are getting decked out on Oct. 31.
Spending on pets this Halloween is being estimated at $330 million, the National Retail Federation reported in survey findings released this week. While that's not an insignificant sum considering we're measuring animal apparel for a one-day party, it does represent a 10.8% drop from the $370 million forecast the same polling found a year ago.
It tracks a broader pullback in the Halloween economy in 2013. Whereas last year some 71.5% of people across the nation said they would take part in the festivities, that's falling toRead More »from Halloween Costume Spending Slumps — for People and Pets