Americans Predicted to Spend Overbr $9 Billion on the Fourth of July According to collected data, Americans arebr expected to spend around $9.8 billion onbr Independence Day festivities this year. An estimated $1.6 billion will be spent on beerbr and wine, with $1 billion to be spent on beer alone. A predicted $1 billion will also be spent on fireworks,br with 90 of all firework imports coming from China. In terms of food, Americans will spendbr a total of $6.7 billion on hamburgers, hotbr dogs and other barbecue provisions. In 2017, Americans spent $804 million on beef,br $371 million on chicken and $218 million on pork. Americans eat an average of 150 millionbr hot dogs on the 4th of July each year. Finally, $5.4 million worth of Americanbr flags will be imported into the country,br most of which are made in China.