As most middle-school age kids know, in the summer of 1776, representatives of the 13 colonies considered a resolution that would declare their independence from Great Britain. And on July 2nd of the same year, the Continental Congress voted in favor of independence. Then on July 4, 1776, the delegates adopted the Declaration of Independence, arguably the nation’s most historic document drafted by Thomas Jefferson.
From 1776 until the present day, July 4th – also known as Independence Day – has been celebrated as the birth of our country’s independence, with typical festivities ranging from casual family barbecues to local town parades to concerts and fireworks sponsored by large US cities and televised worldwide.
As I listen to my neighbors launch fireworks into the night sky, I think about the business of fireworks. We have all seen the big fireworks stores scattered throughout the country and open year round, but I am always amazed at how many fireworks tents pop up in local towns in early June. I wonder… just how big is this industry? How many fireworks shows are put on across the country? And what are the costs?
Well, I was stunned to discover just how much we spend on blowing things up in the sky. Here’s what I found:
- The earliest documentation of fireworks dates back to 7th century China.
- Americans consumed 268.4 million pounds of fireworks in 2016 – nearly the equivalent of 200,000 lightning bolts!
- Also in 2016, consumers spent $825 M on fireworks while the country spent $345 M on display fireworks.
- It costs between $5,000 and $30,000 to put on a public fireworks display.
- 45 percent of Americans say they’ll enjoy July 4th with fireworks.
- The Macy’s 4th of July fireworks extravaganza uses more than 40,000 pyrotechnic shells during their celebration in New York City.
So how does this relate to financial planning? Well I’m not sure it really does. Nevertheless, I hope you enjoy your 4th of July and have learned a little bit about the business of fireworks across our great country. Happy Independence Day! For more information, visit our website at makinglifecount.com or contact Ashley Kopmeyer –firstname.lastname@example.org, (913) 345-1881.