4th Of July Celebrations – Nationally & A Look At New Jersey

The vast majority of Americans plan to celebrate The 4th of July holiday and also plan to spend less. A lot less, as in 62 percent nationally will cut back.

Still, Americans will spend a projected combined total of $ 9.5 billion, according to the personal-finance website WalletHub.com

They have released their report on 2023's Best & Worst Places for 4th of July Celebrations.

Here are some interesting WalketHub.com statistics about the holiday in its 4th of July Facts & Figures infographic and 4^th of July Survey.

No cities in New Jersey finished in the top 20:

WalletHub.com 4th of July Fun Facts & Figures:

• $9.5 Billion: Amount Americans plan to spend on 4th of July food.
• 150 Million: Number of hot dogs eaten each ath of July.
• $3 Billion: Amount Americans plan to spend on 4th of July beer and wine.
• $2.7 Billion: Estimated amount spent on fireworks in 2022 (74% of fireworks injuries occur within a month of July 4).
• $6.5+ Million: Value of American flags imported annually.
• 50.7 Million: Number of people who travel 50+ miles from home for the 4th of July (up 4% over 2022 and setting a new record for the holiday).

The commercialization of The 4th of July is undeniable.

These numbers are staggering and yet they represent a 62 percent decrease in overall spending for America’s Independence Day.

Inflation is taking a big bite out of discretionary spending by the American people.

WalletHub.com Survey Key Findings

• Inflation is hurting celebrations. 57% of Americans say that inflation is affecting their ath of July plans.
• Financial independence is shaky. 63% of Americans feel financially independent this
  4th of July.
• People think credit access is essential. 61% of Americans say that access to credit should be a basic American right.
• Americans support USA goods. 76% of
• Americans make an effort to buy things made in the USA.
• Many people desire credit card freedom.
  62% of Americans wish they could claim independence from their credit card.
• Charitable giving is patriotic. 26% of
  Americans think donating to charity is the most patriotic financial activity, closely followed by paying taxes (24%) and saving money (16%).

Despite the somewhat dour mood of the American people, with 75 percent believing that America is correcting on the wrong track … still, 87 percent of the American people plan to celebrate the 4th of July.

Happy Independence Day … as The United States of America celebrates its 247th Birthday.

SOURCE: WalletHub.com