"Life is so much more expensive than just a few years ago, and it has left many Americans squeezed to the breaking point. When that happens, sacrifices have to be made, and sometimes that means dialing back on things you love, like Halloween spending."

Matt Schulz, LendingTree chief credit analyst, commented on findings from a LendingTree survey that found 59 percent of past Halloween spenders won't be spending this Halloween due to inflation.