According to the National Retail Federation, 66 percent of Americans will be celebrating Independence Day this year with a barbecue, cookout or picnic. As our infographic shows, all of that food comes with a hefty price tag. $7.1 billion is expected to be spent for today's festivities. This equals the amount spent in 2013 and represents a third consecutive year on year increase. Overall, spending per person for the fourth of July is set to be $73.42.