Teens likely spending less than $50 on Halloween costumes

Posted on October 30, 2016
it's expected many teens will spend less than $50 on their Halloween costume. (Tomas K/Flickr)
It’s expected many teens will spend less than $50 on their Halloween costume. (Tomas K/Flickr)

By Terry James

BLOOMINGTON – This generation of teens may be smarter about money than previous generations.

A report from the National Retail Federation said 84 percent of teens expect to spend $49 or less on a Halloween costume.

Junior Achievement Spokesman Ed Grocholski says the scariest holiday of the year may be the best time to talk about finances.

“It will be a great opportunity for parents to talk a little bit about what’s involved in purchasing a costume like that, especially since it’s something that the kids will probably use one time,” said Grocholski. “It’s an opportunity to talk about money and what things cost.”

Grocholski said money management is one of the main topics Junior Achievement brings to classrooms in Central Illinois.

Terry James can be reached at [email protected].

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