
Buy now, pay later regulation could be shelved
Report suggests buy now, pay later regulation could be ditched
Read more…Whether you don a scary outfit, buy sweets for trick-or-treaters or perhaps even trick-or-treat yourself, there’s no escaping Halloween as October draws to a close each year. We looked into how much money is spent on Halloween from our bank accounts in the UK each year and what Halloween products are making our money disappear. Find out the latest Halloween statistics here.
Halloween spending in the UK is estimated to total £777 million in 2023, up 13% from an estimated £687 million in 2022 and £607 million in 2021.
Halloween spending rose steadily between 2013 and 2016, from £230 million to £310 million. The following year then saw a big spike in spending, which rose by almost a third to £400 million, before a modest increase to £419 million in 2018. In 2019, it was estimated that spending would reach £474 million and £536 million in 2020.
Year | Amount spent (millions) |
---|---|
2013 | £230 |
2014 | £275 |
2015 | £295 |
2016 | £310 |
2017 | £400 |
2018 | £419 |
2019 | £474 |
2020* | £536 |
2021* | £607 |
2022* | £687 |
2023* | £777 |
In 2020, a quarter of Brits (25%) said they would buy a pumpkin for Halloween, this means that over 17 million pumpkins were bought. The total cost of this in 2020 was £29.7 million. A combination of rising prices and a slight growth in the UK’s population means that this figure increased by £4.6 million since 2017 (it was £25.1 million then). Using these figures, we estimate that the total spend returned to the value of £25.1 million in 2021, while it will rise significantly to £28.95 million in 2022.
Year | Average cost per pumpkin | UK spend on pumpkins |
---|---|---|
2017 | £1.51 | £25,067,111 |
2018 | £1.52 | £27,330,870 |
2019 | £1.72 | £29,154,212 |
2020 | £1.74 | £29,666,437 |
2021 | £1.47 | £25,166,128 |
2022* | £1.48 | £25,408,720 |
For some people, ghosts are more than just an option for a Halloween outfit. Surprisingly, over half (59%) of 18- to 24-year-olds either believe in or are unsure whether ghosts exist. At the other end of the spectrum, those aged 55+ are the least likely to believe in ghosts, although with only 53% not believing in them, this means that 47% still think that ghosts either maybe or definitely do exist.
Age | Yes | No | Maybe |
---|---|---|---|
18–24 | 39% | 41% | 20% |
35–54 | 35% | 44% | 21% |
55+ | 26% | 53% | 21% |
It’s estimated that around 14.5 million pumpkins go to waste after Halloween each year in the UK. This means that out of the 17 million pumpkins bought for Halloween each year, only around 1 in 5 will be used for something else, with the rest going to waste. If you’re spending the money on a pumpkin, you may as well get the most out of your money, right? Here are some cost-saving ways you can reduce waste this Halloween:
Report suggests buy now, pay later regulation could be ditched
Read more…Keen to set your child off to a good financial start in life? We explain a range of different investment options.
Read more…Costs to study in Europe, when including tuition fees, rent and living costs, vary, but here are the cheapest countries for students.
£556.3 million was lost to UK credit, debit and other payment card fraud in 2022. We look at the latest statistics on card fraud in the UK.
Some of the UK’s brightest minds in economics and property share their interest rate predictions ahead of the next Bank of England base rate meeting.
An experimental fund of 38 stocks chosen by ChatGPT rose 9.53% in the first 29 weeks of the experiment, outperforming the top 10 funds in the UK.
IPOs could be an opportunity for investors. Check out our calendar of upcoming IPOs in 2023 and keep tabs on rumoured, recent and filed for IPOs.
Where in the UK can you make the most and spend the least?
Brits spend over £2 billion every single year on subscription services – but which are the most popular and how is the market growing?
We found that, despite health insurance being so beneficial for shortened wait times and cheaper costs, only a small proportion of UK citizens are covered.
How do property prices in the UK compare to the rest of the world? We estimated the cost of a city centre 2-bed flat in 106 countries to find out.