Did You Know?: Americans may be spending too much money on 4th of July

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WASHINGTON, D.C. -- We do more than just celebrate our freedom on the 4th of July!

According to USA Today, Americans spend more than $7 billion on cookouts alone.

Don't even get us started on the beer, which the U.S. spends over a billion dollars on!

As for the fireworks, the staple of any good 4th of July celebration, the country will fire them up at a price tag of over $800 million!

Now that's what we call taking liberty with your money!

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