Friday, October 31, 2014

What Campaign Spending? Americans spend more on Halloween than on midterms

Campaign spending rose to nearly $4 billion this year, which is a new record for a midterm election. That is a lot – but not compared to what Americans spend on Halloween, according to an analysis from the Institute for Justice.

Americans’ Halloween spending on candy, costumes, and decorations is projected to hit $7.4 billion this year, or almost twice the campaign spending of all midterm races combined.

According to the National Retail Federation, that’s about $77 a person. That includes $2.8 billion on costumes (Americans actually spend more on adult costumes than kids’ costumes), $2.2 billion on candy; and almost as much on decorations that may or may not get taken down by Christmas.

Here are some other activities America spends more on than politics:

• Laundry detergent ($5.9 billion)

• Cosmetic surgery ($7 billion)

• Dolls and action figures ($4.1 billion)

• Pet grooming and boarding ($4.4 billion)

• Tea ($10 billion)

• One Zumwalt DDG-1000 Navy Destroyer ($7.3 billion)

• Surf- and skate- boards ($7.2 billion as of 2008)

• Pornography ($10-12 billion)

• Concerts ($4.3 billion)

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