July 4th Spending & Retailers
Ever wonder what the 4th of July holiday means for retailers? Visa took a look at consumer spending, finding that spending is up across the country. Northeasterners will spend the most, with the South and Midwest will spend the most on Fireworks. Westerners plan to spend a nearly identical amount overall to last year. Some key takeaways include:
- $300 is average amount Americans will spend on July 4th parties
- $1,161 is the average amount spent when traveling during the July 4th holiday
- $39 is expected average of money spent on fireworks from male buyers
Photo Credit: Visa, courtesy of CRC Public Relations.