Nearly a quarter of people said they were stressed out about paying for a Thanksgiving meal, a Morning Consult report found.
Families are ready to get back together after two years of the COVID-19 pandemic, but rising prices could damage their Thanksgiving plans. The U.S.’s annual inflation stood at 8.2% in September, according to the latest government data, the highest level in 40 years.
“28% of people plan to spend up to $100 on Thanksgiving celebrations, while 57% plan to spend between $100 and $200.” Yet, this year’s celebration does not appear to be getting smaller: Most Americans plan to celebrate Thanksgiving, up from 83% last year, according to market-research firm Morning Consult. However, 22% said they were stressed out about paying for a Thanksgiving Day meal.
Indeed, facing a change in financial circumstances head-on will help Thanksgiving Day hosts to figure out a plan in accordance with their budget, Fernandez said. But people will also “get creative with ways to cut costs that won’t compromise a memorable Thanksgiving,” she added.That last point — involving guests in meal preparation — is key to saving money without scaling back the fun, Fernandez told MarketWatch. “Think potlucks, bring-your-own-bottle — or host an appetizer-only party, since finger foods are less expensive,” she said.Avian Influenza this year persisted into the fall, experts said. This means more extensive damage to bird production.
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