Independence Day 2025 — An Economic Survey

The U.S. goes all out on Independence Day. The evening’s fireworks preceded by picnics, gatherings at home, parades and more. Usually, fireworks are shot off long before and long after the July 4th Independence Day.

In other words, it’s total party time and with this year’s celebration happening on a Friday, our festivities will last at least three days — maybe more.

A huge part of the reason for the American Revolution some 249 years ago was the issue of taxes. However, the bigger picture was the overall economic health of the 13 colonial states and the relationship with that economy with ruling England.  

WalletHub does an annual Independence Day survey that dives into how Americans are feeling about the economy. This year’s findings are mixed and start with how those responding think the founding fathers would react to today’s U.S. economy.

• 70% of those responding think the founding fathers would not be satisfied with the shape of the economy
• 79% of us think an increasing federal debt is threatening our independence
• 50% say inflation is affecting Independence Day plans
• 38% of those polled don’t feel all that financially independent in 2025
• 53% say they’ll spend less money on the celebration this year than last
• However, 25% think the July 4th celebration is worth going into debt for

As we all know, tariffs, the push to develop more U.S. products and getting us to buy them, are a huge issue in the United States today. Those results are mixed.

• 48% say tariffs are affecting their 4th of July celebration
• 65% are making more of an effort to buy products made in the USA
• 33% want to but aren’t willing to pay more for them

Source link: WalletHub — https://bit.ly/4l8ggfE