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Fourth of July spending takes a dip because of ‘Hump Day’

To celebrate the birth of our country, Americans eat a whole lot of hamburgers and hotdogs. And no Fourth of July party is complete without loads of other red, white, and blue picnic paraphernalia. But according to the National Retail Federation and Prosper Insight & Analytics, consumers are planning spending less overall this year than last year. Consumers will spend about $6.9 billion, down from $7.1 billion in 2017. The decrease is attributed to the holiday falling on a Wednesday. But patriotism is still high. Despite the decrease, this is still the second-highest amount reported in the history of the survey and the highest per-person spending ever. Nearly 153 million Americans are planning a cookout or a picnic. Average spending per person is reportedly $75.35 — up from $73.42 in 2017. More than 216 million Americans plan to observe the holiday in some way — down from 219 last year. About 31 million Americans…

Consumers to spend nearly $90 per person for Super Bowl food, drinks, items

It might not be an actual holiday, but consumers are ready to spend like it is. Americans are expected to shell out $87.17 on average for Super Bowl Sunday related items in the days leading up to the big game on Feb. 4. According to a report from the National Retail Federation (NRF), this number is up 8.5 percent from last year, amounting to a total of $15.3 billion in sales surrounding the event. “Whether throwing their own party, heading to a friend’s house or gathering at their favorite bar or restaurant, consumers are ready to spend on the big game,” NRF President and CEO Matther Shay said in the report. ” An estimated 188.5 million people are expected to watch a the New England Patriots take on the Philadelphia Eagles in Super Bowl LII in Minneapolis — about the same viewership as 2017. Justin Timberland will command the halftime show stage, becoming the first musician to…