Food
The main way Americans are expecting to spend the holiday is at cookouts, barbecues and picnics, according to the NRF, so it makes sense that the largest share of spending by consumers will be on food items. Americans are expected to spend an estimated $7.52 billion this year, up from last year’s $6.52 billion.
On average, each person will spend about $80.54 on food items, the highest amount since 2014, NRF data shows.
