- Over 216M Americans (87%) plan to observe Independence Day this year and are expected to spend $6.9B on food for cookouts and picnics, according to the National Retail Federation.
- It's the second-highest amount in the history of the Fourth of July survey, but down from last year's record $7.1B.
- Reasons for the decline include higher gas prices and the holiday falling in the middle of the week.
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