Date Posted: 07/02/24
The Fourth of July holiday is always a fun time to get together with family and friends to celebrate our country’s birthday! Do you have plans for the holiday? My family plans to spend a lot of time grilling, swimming, and relaxing! We also plan to spend time with friends as well as visit family members.
Independence Day is traditionally a popular time for travel, with nearly 70.9 million Americans planning to venture 50 miles or more from their home this year. This number is up 5% over 2023 and sets a new record, according to Wallethub.
The majority of those traveling (85%) plan to drive, but nearly 6 million people will travel by plane.
For many of us, Independence Day celebrations are all about the food.
According to research from Wallethub, 66% of Americans plan to attend some kind of Fourth of July picnic. And if you’re attending a gathering, you’re likely bringing food! Americans plan to spend $9.4 billion on food this year. Here are a few other fun facts about expected consumer spending:
In 2023, Americans spent $675 million on beef products for the holiday. The second-largest expense for consumer grocery bills last year was chicken at $338 million.
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