Pet costumes: The new consumer confidence indicator?

Anna Britton, 88-years-old, reaches out to Kirby, a Pet Assisted Therapy (PAT program) dog dressed in a sheep Halloween costume while visiting with hospital patients at the Torrance Memorial Medical Center.

This final note today, which can be filed one of two ways: Either this week's sign the apocalypse us upon us, or, to judge by their spending habits, American consumers are feeling just fine, thank you very much.

From Bloomberg News, according to the National Retail Federation, Americans are going to spend $7 billion dollars this year on Halloween, and $330 million on Halloween costumes ...

For our pets.

[Correction: an earlier version of this story said that Halloween pet costumes would total $7 billion in sales]

About the author

Kai Ryssdal is the host and senior editor of Marketplace, public radio’s program on business and the economy.

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