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Americans shell out billions to celebrate Fourth of July

Matt Rosenberg
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Americans will spend billions on food, drinks and fireworks this fourth of July.

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What do holidays cost?

OK, so the Fourth of July is not exactly Christmastime, but we do our fair share of spending, anyway.

Research shows Americans will spend nearly $10 billion on various Fourth of July festivities, from barbecues to fireworks.

About $1.6 billion will be spent on beer and wine, with $1 billion spent on beer alone.

Here is a look at how Americans will empty their pockets this week:

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