The majority of Americans plan on spending less than $100 to celebrate the Fourth of July tomorrow. However, one in 10 people will spend over $500, and one in 50 will drop more than $1,000 according to a new study,
So what are people spending their hard earned money on?
1. Food, 54%.
2. Alcohol, 14%.
3. Fireworks, 14%.
4. Travel, 8%.
5. Patriotic items, 2%.
Yes, that means 28% of Americans are putting most of their Independence Day cash into fireworks or booze.
Source: Student Loan Hero