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Americans know how to celebrate.
On this year’s 243rd anniversary of the adoption of the U.S. Declaration of Independence, American adults will spend about $1 billion on beer alone – that’s roughly the same amount that is spent on fireworks, the majority of which are imported from China.
In fact, the Fourth of July is one of the country’s top drinking holidays, with roughly $1.6 billion spent together on beer and wine, according to a report by WalletHub.
Yet more still is shelled out on food for the grill.
In total, Americans will spend $6.7 billion on hot dogs, hamburgers and other picnic provisions, according to a separate report by the National Retail Federation, down from $6.94 billion last year. (Americans are expected to eat 150 million hot dogs just on…