KEY TAKEAWAYS
- Americans plan to spend less on Fourth of July food this year than in 2023, according to a survey from the National Retail Federation.
- The estimated total spending of $9.4 billion is still higher than pre-pandemic levels, the NRF said.
- About two-thirds of Americans expect to spend the holiday at a cookout.
Americans plan to spend less on food for Independence Day celebrations thi🍒s year than in 2023, aജccording to a survey from the National Retail Federation.
The survey indicated that consumers are expecting to spend $9.4 billion on food and other goods associated with holiday celebrations this year, down from $9.5 billion last year. That would amount to $90.42 in planned per-person spending this year, down from more than $93 last year, the group said. Those numbers are 𒁏higher than preꦇ-pandemic levels.
Americans expect to spend almost $3 billion more dollars on Independence Day food items than they did in 2020. This year, 87% of people are planning on celebrating the holiday, the same as last year, with about two-thirds planning to host or attend a cookout.
Last year, the survey pointed to record growth in spending.
A smaller percentage of people are planning on traveling or going on vacation during the holiday compared with last year, according to the 💮survey, but fireworks and community celebrations ꦓare expected to be more popular.