Fourth of July is a time for celebrations and like any good party calls for some planning and resources. According to figures by the National Retail Foundation, more than $7 billion are spent on celebrations by Americans, on this day. Here is a sector wise analysis of July 4 expenditure across the country, as per WalletHub.
Merchandise
More than $5 million were sent in the import of U.S. flags.
Travel
As per AAA, some 46.9 million Americans are estimated to travel more than 50 miles over the upcoming July 4th holiday.
Food
It was estimated last year that Americans would spend more than $388 million on hamburger patties, $389 million on barbeque chicken, $133 million on buns and $37 million just on ketchup.
Beer
The amount Americans plan to spend on beer and wine alone, out of the total $6.9 billion on food, according to WalletHub’s 4th of July survey. Wine will see expenditures around the tune of $568 million.
Fireworks
Undeterred by their origin, Americans spend more than $1 billion on fireworks each year, according to the American Pyrotechnics Association. By weight, that makes for roughly 268 million pounds of fireworks — or roughly a pound of pyrotechnics for every American man, woman and child. Municipalities shell out somewhere in the range of $5000 to $30000 to host their own show on the 4th of July.
Sources: US Census Bureau, National Archives, American Pyrotechnics Association, Gallup, Macy’s, Nathan’s Famous, Inc., National Hotdog and Sausage Council, A collaboration between history.com and column five.
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Last modified: July 2, 2018
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