According to the establishment, reports indicate this will be the cheapest Thanksgiving dinner in forty years. However, you don’t need to be an economist to believe your empty wallet and eyes.
According to the American Farm Bureau Federation survey, the average cost of a Thanksgiving dinner will be $50, five percent less than last year but remains nearly 20 percent higher than 2019.
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“This is actually 19 percent since last year,” Crowder said.
According to NBC:
You may not know it by looking at sticker prices in grocery aisles, but Thanksgiving dinner is more affordable than it has been in years.
In other words, please don’t believe the price you pay because it’s actually cheaper than that.
The costs of this year’s holiday feast — estimated at $58.08 for a 10-person gathering, or $5.81 a head — dropped 5% since last year, the lowest level since 2021, according to a nationwide survey of grocery prices by the American Farm Bureau Federation, which represents millions of U.S. farmers. But the picture improves further when adjusted for inflation.
This “estimate” does not include crucial things like butter, seasoning, and drinks.
According to Lending Tree, “Potential Thanksgiving hosts plan to spend an average of $431 on Thanksgiving food, drinks, and decor — up 19% from last year. And 36% of them admit doing so is a financial strain, which may put some in debt.”
“This administration has been telling you inflation is under control and down 4 percent right now,” Crowder added.
Over a third (36%) of potential hosts admit the amount they plan to spend on Thanksgiving will be a financial strain, and 14% already regret their decision to host. 34% of potential hosts will use their credit cards to pay Thanksgiving costs, according to Lending Tree.
“Even high-income households are affected,” Crowder said. “The idea of a six-figure income is distinctively middle class.”
Going further, six-figure earners plan to shell out $579 on average — the highest by demographic. That’s followed by men ($496) and parents with young children ($493).
“They should be providing you with information so you can make more informed decisions. That is the goal of a free press,” Crowder said.
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Author: Danielle Berjikian
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