Thanksgiving Dinner Costs Drop 5%, Faster Wage Growth Makes Feast More Affordable

Thanksgiving Dinner Costs Drop 5%, Faster Wage Growth Makes Feast More Affordable

Thanksgiving dinner costs have reached their lowest inflation-adjusted level in decades, with a 10-person meal averaging over $58. According to the American Farm Bureau Federation, that is 5 cheaper than last year. Wages growing faster than inflation have made this year’s feast more affordable, requiring 9 less work time to cover costs compared to 2023. Affordability gains highlight the post-pandemic divergence between economic data and consumers’ perceptions, with wages outpacing inflation but unevenly benefiting workers.


User: Benzinga

Views: 57

Uploaded: 2024-11-25

Duration: 00:39