July 2, 2015
Are you ready for a long weekend full of fireworks, food and fun? We are too!
If you didn’t know, July 4th holds more significance than just cookouts and fireworks. On July 4, 1776, America gained its independence from Great Britain! Thank goodness for it because it gives us more reason to gather with loved ones and watch a beautiful show in the sky…not to mention, a long weekend!
They spent how much?
The American Pyrotechnics Association (APA) reports that last year’s revenue for display fireworks was $332 million; consumer fireworks revenue was even higher at a whopping $695 million. TIME also reported that the cost to put on a fireworks display for the public ranges from $5,000 to $30,000. Meanwhile, some consumers spend, on average, $100 and $300 on fireworks. (huffingtonpost.com)
Check out these top 5 places to see some of the best fireworks in the country:
1. Macy’s 4th of July Fireworks Presents: Brave (New York)
2. Music City July 4th: Let Freedom Sing! (Nashville)
3. National Mall 4th of July Fireworks (Washington D.C.)
4. Boston Pops Fireworks Spectacular (Boston)
5. Philly 4th of July Jam (Philadelphia)
Did you know celebrating the 4th of July helps the economy?
A need to make food and beverage purchases means there is a need for workers who can sell these items. The revenue brought in is also noteworthy. July 4th is a time of the year where these products are in high demand. Ever think about how much good it can do for our economy?
- About 153 million adults celebrated the 4th and attend cookouts, picnics etc. (2014 National Retail Federation study)
- About 150 million hot dogs, 700 million pounds of chicken, and 190 million pounds of red meat and pork were bought. (Statistic Brain)
- Nearly $6.3 billion was spent on food items for the 4th of July. (2014 NRF)
- $11 billion dollars of beer and malt beverages were purchased between Memorial Day and Labor Day of 2013. (Beer Institute press release)
- In 2012, the selling of beer products put 2 million Americans to work. (Beer Institute and National Beer Wholesalers Association joint study)
- Beer contributed $246.6 billion to America’s economy and generated $49 billion in local, state and federal taxes.
In addition to all of these meat and beer purchases, there are patriotic apparel purchases to be made as well! While all of these stats are great, there is always bad that comes with good. Banks, post offices and the stock market will be the only industries that take a loss this holiday due to being closed for the day.
From everyone at TeamBonding, we wish you a safe and happy 4th of July!
Photo Credit: catchmyparty.com