(Photo By Flickr User JD Hancock)

Americans will be splurging on candy, costumes, and all things spooky like never before this Halloween season.

That is according to the National Retail Federation’s annual Halloween survey, which found total spending for Halloween this year is expected to reach $8.4 billion.

This number, is an all-time high in the survey’s history.

Consumers are expected to spend an average of $82.93, which is nearly nine dollars more than last year.

The survey found more than 171 million Americans plan to partake in Halloween festivities this year.

NRF President & CEO Matthew Shay said,

“Retailers are preparing for the day by offering a wide variety of options in costumes, decorations, and candy, while being aggressive with their promotions to capture the most out of this shopping event.”