Thanksgiving Dinner Remains Historically High Despite Slight Dip; Americans Struggle with Persistent Inflation
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Despite a slight decrease from 2022, the average cost of a Thanksgiving meal in 2023 remains historically high at $61.17. This is still 25% more than in 2019 before the pandemic.
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High inflation over the past year, exacerbated by government spending and policies, is attributed as the key driver of increased Thanksgiving costs.
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69% of Americans report increased household expenses in the past year, with 73% rating the national economy as poor.
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Not just shoppers are impacted - farmers also face high production costs for fuel, seeds, fertilizer, etc, squeezing their operations.
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After a temporary dip, gas prices are expected to rise again, adding to consumer costs this Thanksgiving travel week amid heightened Middle East tensions.