According to a survey by Visa credit cards:
- 21% of Americans didn’t celebrate the 4th of July this year, up from 18% last year.
- Of those who celebrated, we spent an average of $191, versus $216 last year.
- Midwesterners spent the most, $211; Northeasterners spent the least at $171.
Analysts who watch the economy, looking for any clue as to the state of our finances, wonder why. Is the decrease in spending results from tighter family budgets, or is it because the holiday fell on Wednesday this year?
Either way, spending might be down, but celebrating with family and friends at a barbecue is actually up. A different survey shows that 68% of us either hosted or attended a BBQ…the highest number in a decade.
“The Fourth of July is all about community, and that’s a white-hot want right now for many Americans who feel increasingly disconnected (due to) divisive politics … and less-nourishing techno-fueled relationships.” USA Today
So, what did you do? Spend less, BBQ more? No change in habits? Did the economy factor into your plans? We want to know !
Anyway, we hope you had a nice 4th…and a great weekend ahead!