How Much People Will Spend on the Fourth of July

Just when you finally get out of debt from Christmas, now you've got to get BACK into debt over Independence Day?

According to a new study, the majority of Americans will spend less than $100 to celebrate the Fourth of July tomorrow. But one in 10 people will spend over $500, and one in 50 will drop more than $1,000.

And here's what people say they're spending the majority of their money on . . .

1. Food, 54%.

2. Alcohol, 14%.

3. Fireworks, 14%.

4. Travel, 8%.

5. Patriotic items, 2%.

Yes, that means 28% of Americans are putting most of their Independence Day cash into fireworks or booze.

(Student Loan Hero)

Photo:  Getty Images