Monday, July 4, 2016
4th July Expenses To Reach $6.8 Billion in 2016 - Statista
This year, an estimated 214 million Americans are going to celebrate Independence Day, according to figures compiled by the National Retail Federation (NRF). The vast majority of them, 65 percent, are going to make a barbecue, cookout or picnic the focus of their Fourth of July celebrations. The amount of money Americans splurge on food every year is evidence of how seriously they take their traditional Independence Day cook out. The NRF report that each American adult will spend approximately $71.34 on food items this year. Overall expenditure on food across the nation is going to reach around $6.8 billion.
42.6 percent of people are also going to attend a fireworks display or community celebration. Independence Day fireworks displays are always spectacular and so are the numbers behind them. According to the American Pyrotechnics Association, just over 285 million pounds of fireworks are used during the holiday with revenue amounting to about $1.09 billion.