Halloween Spending Hits Scary New Heights

Americans expected to spend a record $8.4 billion this year.

One-off expenses for holidays like Halloween often fall outside your budget and as a result, can end up on credit. So exactly what are Americans spending on this year for these record-high Halloween sales?

See how Americans stack up for Halloween spending

What does spending look like for each household?

The good news is that while Americans as a whole are hitting new records in Halloween spending, the per-household increase from last year to this year is only up $8.59. The average American household will only spend about $82.93 this year on Halloween freights in total.

The trouble comes if those extra charges are going on credit cards.

“Americans are already overburdened with credit card debt this year,” says Gary Herman, President of Consolidated Credit. “The average indebted household is currently carrying a very scary $8,500 in debt. Adding anything to that amount is just making those credit card debt problems more monstrous.”

The main challenge is that at a certain point, when high balances meet high interest rates, credit card debt can be almost impossible to pay off. That’s why Consolidated Credit’s own little monsters – The Debt Suckers – are duly named Hi-Rate and Hi-Pay. When they team up, even larger debt payments that are over the minimum requirement may barely make a debt. The debt can take years or even decades to pay off.

If you’re struggling with scary-high credit card debt and you need help to get the Debt Suckers off your back, call Consolidated Credit today at or complete an online application to request a confidential debt analysis from a certified credit counselor at no charge.

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"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

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Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

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Time tested and customer trusted. Consolidated Credit Counseling Services has been a BBB Accredited Business since 1998 and has a current A+ rating. Call us today and see what we can do for you.

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