Halloween spending increases among college students
It’s time to stock up on wigs, candy and beer. This year, college students are spending more on Halloween than any other age group.
Because of this increase in college spending, businesses are not depending on children to increase their Halloween sales. Instead, they are gearing their sales towards college students by giving them another excuse to party.
“When I passed the acceptable trick-or-treating age, Halloween didn’t excite me that much,” Alyse Smith, Topeka sophomore, said. “But when I came to KU, I got excited when I learned about all of the costume parties. I love taking pictures, going out, drinking with my girlfriends and finding an excuse to eat lots of candy.”
According to the National Retail Federation and BIGresearch, the total expected Halloween spending this season will increase by 50 percent. Last year’s spending totaled $3.29 billion and is expected to increase to $4.96 billion this year. This number keeps Halloween behind other gift-orientated holidays. With Christmas’ expected spending totaling $439.5 billion, Halloween remains sixth in line behind Christmas, Mother’s Day, Valentine’s Day, Easter and Father’s Day.
This is just money spent on the holiday as a whole. If you calculate how much is put into party spending, Halloween stands third behind New Year’s Eve and Super Bowl Sunday.
The survey showed that about 85.3 percent of 18 to 24-year-olds plan on celebrating this ghoulish holiday. This figure has increased 26 percent from last year’s 66.8 percent who planned on celebrating. Since Halloween lands on a Tuesday this year, business owners speculate whether or not that will bring in more or less business.
“It’s nice that Halloween lands in the middle of the week this year,” Kyle Billings, Fun and Games owner, said. “This will keep businesses from being overwhelmed by those last-minute shoppers who buys their costume the day before.”
Not many students will celebrate Halloween on Tuesday, but many students will celebrate it more than once Friday, Saturday or Sunday. But why has a holiday that consists of ghouls and goblins become so popular?
“Consumers see Halloween as a seasonal celebration to bridge the gap between the end of summer and the winter holidays,” Tracy Mullin, president and CEO of the NRF, said in an online press release.
Halloween has become a week-long celebration for some students. Visiting haunted houses has increasingly become popular. Admission tickets cost anywhere from $15 to $20.
Mostly, costumes and alcohol are the main ingredients for a student celebration of Halloween.
“This year, I’m going to be a mermaid,” Smith said. “It is actually the most I’ve ever spent on Halloween.”
Smith has already spent $40 on her mermaid costume, $15 on the extra material she is using to add character to the costume, $20 on the red wig, $25 on the accessories (shoes, boa and glitter), $5 on decorating her dorm room and $10 on candy. She also expects to pay another $20 on beer. In total, Smith will have spent $135 by the time Halloween is over.
Smith’s spending is above the expected average consumption. Among ages 18 to 24, the average consumer will spend about $59.06. This is a 16 percent increase from the $50.75 spent last year.
Costumes are the most marketed item for this season. At Party America, the average costume costs $40.
“This is our top season,” Larry Schloffer, Party America manager, said. “Costumes are generally more expensive than your average decoration. We sell a lot more costumes than anything else.”
According to Schloffer, over 50 to 60 percent of Halloween sales derive from costume sales alone.
For other stores, like Fun and Games, Halloween sales make up half of their year’s business.
Costumes alone make up for 85 percent of sales.
“Whether you admit it or not, everyone loves to have the opportunity to dress up,” Billings said. “Halloween just gives you that opportunity.”
Although many students may opt for buying their costume pre-packaged, many other students try to create their own costume from scratch.
“I always try to make my costume for free. Three years ago I made a suit of armor out of some 30 Bud Light boxes I saved,” Randy Laggart, Wichita senior, said. “So in a way, that costume cost me a lot in terms of money and liver damage.”
“Last year I spent $60 on an authentic ninja uniform,” Christopher DeBacker, Topeka graduate student, said. “But this year I’m going to be a cop, grow a moustache and wear my own clothes. All of my money will be going into beer this Halloween.”
Liquor stores are getting into the Halloween spirit with brews such as pumpkin beer. Approximately $8 for a six-pack, liquor stores even see an increase in sales during Halloween.
“There is a huge increase in traffic around Halloween,” Ian Johnston, Cork and Barrel manger, said. “Drinking has always been associated with the holidays.”
So, college students are taking over Halloween. It’s no longer trick or treat, but party and party.