Economy
The Economic Impact of St. Patrick's Day (2016)
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St. Patrick’s Day is generally considered the one day of the year that drinkers must drink a beer. Irish beer to boot. All that rapid influx of beer buying and binge drinking comes with a rather large economic footprint.
The average forecast of the economic impact is measured much differently from source to source. Variables are based on expectations. They are also varied on what all gets included as St. Patrick’s Day spending. Most economic views do not include the increased cost of cabs and Uber cars being hailed for over-served drinkers.
The National Retail Federation has projected that Americans will spend $4.4 billion on St. Patrick’s Day in 2016. This may sound big, but it is a less than recent years. Some 125 million Americans are expected to be celebrating, with an average spend of $35.37 per person.
In 2015, total dollars spent was projected to be $4.6 billion, with an average of $36.52 per person. In 2014 the figure was $4.8 billion.
Again, sources vary on what will get spent and on other views.
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