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5 Things You Didn’t Know About the 4th of July

by on July 4, 2012

By Samantha Savory

On behalf of the entire PowerWallet team, we wish you and your loved one’s a peaceful, fun and safe Independence Day! In honor of America’s adoption of the Declaration of Independence on July 4, 1776, we have compiled an interesting list of fun 4th of July statistics and facts that you most likely didn’t know! Enjoy and remember to encourage your friends and family to visit www.powerwallet.com to sign up for free and start taking power over their finances!

1. Independence Day wasn’t always a paid holiday – Although established in 1776, this federal holiday was not widely celebrated until 1870 immediately after the North conquered the South and won the Civil War.

2. Over 310 million people are celebrating this year – Less than 3 million people were celebrating America’s Independence Day back in 1776. Fast forward 236 years and that number has increased to over 300 million! With over 310 million people residing in the United States, most of them are American born and will be celebrating America’s independence!

3. Over $200 million worth of fireworks will be used – The fourth of July is a day when many Americans go to their local beach or park to watch celebratory fireworks. Many even buy their own and set them off with their family members. According to the U.S. Census, $232.3 million worth of fireworks were imported into America last year with the majority of them dedicated to our Independence Day celebrations. That number is estimated to nearly double this year!

4. $3.6 million worth of American flags sold – Last year, more than $3 million worth of American red, white and blue flags were sold in retail stores nation-wide. That number is expected to be surpassed this year. Whew, that is a ton of American pride!

5. Most 4th of July celebratory items are Chinese – From flags, to fireworks to random red, white and blue stuff you may find yourself buying at your local Wal-Mart or Target, the majority of it is made in China. The value of fireworks imported from China in 2011 represented the bulk of all U.S. fireworks imported ($223.4 million) according to the U.S. exports of fireworks. China imports over 50 percent of our overall consumer goods but over 90 percent of our 4th of July celebratory goods.

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