GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.

These brands compensate us to advertise their products in ads across our site.

This compensation may impact how and where products appear on this site.

Getting ready for 4th July stock photo

Commitment to Our Readers

GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.

you’ve got the option to read more about oureditorial guidelinesand our products and servicesreview methodology.

How Much Will the Average American Spend This Fourth of July?

facebook sharing button

A combined 47% of respondents said they planned to keep their budgets to $99 or less.

The remaining 19% said they planned to keep their holiday spending between $51 to $99.

When broken down, 29% of respondents said they would keep their spending under $50.

twitter sharing button

Meanwhile, 23% planned to stay within the $50 to $99 spending range.

Heres what the shopping breakdown looks like for every age range.

Food also emerged as the top category among Americans shopping during Memorial Day weekend.

linkedin sharing button

The percentages were similar to those spending during the Fourth of July withno noticeable gapsmade in comparison.

The largest gap, at 5%, was for ages 18 to 24.

Food aside, there were two runner-up categories for spending during the Fourth of July weekend this year.

email sharing button

Outdoor essentials took second place at 36% with Americans planning to buy grills and patio furniture.

Summer essentials, at 31%, took third place.

These include spending money on sunscreen, beach towels and pool accessories.

More From GOBankingRates

Share This Article:

The Latest inSaving Money