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Patrick's Day Financial Trivia
If you don’t plan on getting drunk, perhaps you can be the designated
driver for the day. The average cost of a DUI is over $10,000 (that’s a
lot of 6-packs!)
Ireland's St. Patrick's Day festival started just 16 years ago. The
event caught on fast: it brings in $79 million in tourist revenue.
Americans spend an estimated $3.76 billion on St. Patrick's Day each
year. That could fund the Agency for Healthcare Research & Quality for
more than 11 years!
Sources: National Retail Federation, 2007; AHRQ FY08
According to the National Retail Federation, the average person is going
to spend $33.97 on St. Patty’s Day in 2011. And, that’s an increase from
last year, which was $33.05.
Statistics supplied by Mint.com show that during the two weeks
surrounding St. Patrick's Day last year, Memphians drank, on average,
$1,034 worth of alcohol per household.
Last year, when St. Patrick's Day fell during Holy Week, spending
dropped 3%. Fortunately for businesses, the two will not coincide again
Thanks to St. Patrick's Day, March is a better-than-average month for
Guinness, accounting for about 10% of its annual sales. The stout is
brewed in 50 countries.
Americans spend almost $4 billion on St. Patrick's Day, although fewer
than half of all Americans spend money on the holiday. The most eager
demographic is 18- to 24-year-olds, who spend $42 per person vs. $35.
Men spend $10 more than women
A third of American who celebrate do so with special dinners, usually
corned beef and cabbage. The U.S. produced 42.1 billion pounds of beef
and 2.6 billion pounds of cabbage in 2006.Source
Less than half of us, or about 150 million people, spend money on St.
Patrick’s Day. Of these, the biggest spenders are–surprise,
surprise–males between the ages of 18 and 24. They spend about $42 each
on March 17, while men over the age of 24 spend about $35 each. However,
whichever demographic they fall into, men spend $10 more on average than
women. Though, to be honest, it’s quite likely that the extra $10 is
spent on drinks for those women, as men attempt to get lucky on this,
the luckiest day of the year.
$59,290 is the median income for households headed by an Irish-American,
higher than the $52,029 for all households. In addition, 9 percent of
people of Irish ancestry were in poverty, lower than the rate of 13
percent for all Americans.
The world’s first St. Patrick’s Day parade took place on March 17, 1762,
in New York City, featuring Irish soldiers serving in the English
military. The parade became an annual event, with President Harry S.
Truman attending in 1948.
Congress proclaimed March as Irish-American Heritage Month in 1995, and
the president issues a proclamation each year.
135,000 - Number of Irish-born U.S. residents in 2008. Those from
Ireland are much older – a median of 56 years old – and have a higher
median household income – $70,591 – than U.S. residents as a whole – 37
years and $52,029, respectively.
Nine of the people who signed our Declaration Of Independence were of
Irish origin, and nineteen Presidents of the United States proudly claim
Irish heritage -- including our first President, George Washington.
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