Americans are expected to spend billions celebrating Independence Day this year, and while the Fourth of July is known for fireworks and backyard barbecues, it also creates a seasonal investment opportunity across several ETF themes.
According to the National Retail Federation (NRF), total consumer spending for the holiday is projected to reach $9.4 billion, up from $8.9 billion last year, as the nation's 250th anniversary encourages more Americans to celebrate.
About 86% of Americans plan to mark the occasion, spending an average of $94.41 per person on food, drinks, travel, and entertainment.
Additionally, GhostCom Surge Analytics expected even more.
Americans are likely to spend around $22 billion on food and beverage over the July 4th holiday weekend.
