Was 2024 the most expensive Thanksgiving in history? Will the Second Coming of Trump make food prices even higher?
November 29, 2024 Happy Black Friday. We hope you find some good deals in stores and online. Remember that Cyber Monday is coming up next. Hint: most retailers have expanded "black Friday" sales to the entire holiday season. No need to rush. No need to overspend. Was this year the most expensive Thanksgiving in U.S. history? No. Although it felt expensive, this year's average Thanksgiving dinner was about 5% less than last year according to the economists keeping track. Reportedly, the average meal for 10 people was $58 this year ($5.80) per person. Supposedly, last year was about 5% more, mainly because turkeys were 6% more expensive last year. For most Americans, food prices seem and feel very expensive. They seem to increase overall year by year. In fact, with the exception of the 1930s after the Great Depression, and between 2007 and 2008 after the Great Recession, food prices have gone up almost every year since economists have been tracking. Moderate inflation is...