Half of Fourth of July Spending Done by Under 35s, According to Insights from Revolut

Revolut, the global financial super app with more than 18 million customers worldwide, has revealed new insights on spending on the Fourth of July.

The US’s under 35s contributed “almost half of total spending yesterday, making up 57% of total transactions during the day.”

12% of spending was “done by those celebrating in bars, cafes and restaurants, 11% on groceries, and 3% on fast food.” California, New York and Florida “topped the tables for overall spend by state, followed by Texas, Illinois and New Jersey.”

Top ten states for spending on Revolut on Fourth of July:

  • California
  • New York
  • Florida
  • Texas
  • Illinois
  • New Jersey
  • Washington
  • Georgia
  • Pennsylvania
  • Virginia

Danil Ovechkin, Head of US Growth, Revolut, commented:

“As our presence grows in the US, we’re continuing to see more customers take advantage of our sophisticated financial services app. Almost three times as many transactions were made this Fourth of July on Revolut compared to 2021, and spending doubled. It’s a great sign of what’s to come and we’re excited to grow further in the region.”

Revolut launched in the US in March 2020, “offering financial services to both retail and business customers, including banking, foreign exchange, crypto and stock trading.”

The company has “nearly half a million active users in the US as well as c.150 employees and is actively recruiting in the US.” Last week, Revolut announced “the appointment of Sid Jajodia to accelerate the company’s growth in the United States.”

Revolut has “nearly half a million active users and c.150 employees in the US.”

Revolut launched in the United States in March 2020, “partnering with Metropolitan Commercial Bank, an FDIC-insured bank based in New York, in order to provide banking services to its customers.”

Revolut provides “the technology platform for MCB to receive customer funds and make payments.”

Revolut currently ‘offers Standard, Premium, and Metal plans for its US customers.”

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