Just when you finally get out of debt from Christmas, now you’ve got to get BACK into debt over Independence Day?
According to a new study, the majority of Utahn’s will spend less than $100 to celebrate the Fourth of July. But one in 10 people will spend over $500, and one in 50 will drop more than $1,000.
And here’s what people say they’re spending the majority of their 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.