Bidenflation keeps Thanksgiving meal costs outrageously high for your family.
Americans who plan to serve their family and friends a traditional Thanksgiving feast on Thursday will once again need to dig deep into their hurting pocketbooks to pay for it, new data from the American Farm Bureau Federation (AFBF) suggests.
To feed a family of 10 a Thanksgiving turkey, stuffing, sweet potatoes, buttered rolls, cranberries, veggies, and pumpkin pie topped with whipped cream, this year, the average American will shell out $61.17.
AFBF, which highlights holiday food prices annually, noted the cost of the 2023 feast is “Down Slightly from Record High in 2022” but warned this year’s Turkey Day meal “still reflects historically high costs.”
The 2023 feast total may be a 4.5 percent decrease from the record-high average of $64.05 set last year, but Americans are still paying 25 percent more for Thanksgiving staples than they did in 2019.
AFBF attributes the historically high prices to the “high supply costs and inflation have had on food prices since before the pandemic.” A majority of Americans agree with this analysis.
Despite corporate media and the White House’s spin claiming inflation is “cooling,” 69 percent of U.S. adults say they experienced an increase in household expenses over the last year. An even stronger majority, 73 percent, deemed the national economy “poor.”
Prices for essential items such as gas, food, and shelter have steadily increased over the course of President Joe Biden’s presidency, as he continued to bloat the post-lockdown American economy with trillions in federal dollars and signed off on the export of billions of dollars to Ukraine.
In October alone, American shoppers paid 3.2 percent more for goods than they did in 2022 and 11.1 percent more than they did in 2021.
In addition to paying more for food, Americans who hit the road over the holiday week will be paying for gas which costs an average of $3.30 a gallon but is expected to rise as conflict in the Middle East intensifies.
Consumers aren’t the only ones suffering historically high costs this holiday season.
“While shoppers will see a slight improvement in the cost of a Thanksgiving dinner, high inflation continues to hammer families across the country, including the nation’s farmers,” AFBF President Zippy Duvall said in a statement. “Growing the food families rely on is a constant challenge for farmers because of high fuel, seed, fertilizer and transportation costs, just to name a few.”
Jordan Boyd is a staff writer at The Federalist and co-producer of The Federalist Radio Hour. Her work has also been featured in The Daily Wire, Fox News, and RealClearPolitics. Jordan graduated from Baylor University where she majored in political science and minored in journalism. Follow her on Twitter @jordanboydtx.
How have American households been impacted by the increase in grocery prices and inflation
Ercent more for groceries compared to the prior year. This surge in costs has put a strain on the wallets of American families, particularly during the holiday season.
The Thanksgiving feast, a time-honored tradition for many Americans, has not been spared from the impact of rising prices. According to the American Farm Bureau Federation (AFBF), the average American will need to spend $61.17 to feed a family of 10 this Thanksgiving. While this figure represents a slight decrease from last year’s record-high average, it still reflects historically high costs.
The AFBF attributes these soaring prices to the combination of high supply costs and inflation that has plagued the food industry since before the pandemic. The effects of inflation have been felt by a majority of Americans, as household expenses continue to outpace earnings. Despite claims from the corporate media and the White House that inflation is cooling, 69 percent of U.S. adults have experienced an increase in their expenses over the past year.
This surge in prices is not isolated to Thanksgiving staples. Essential items like gas, food, and shelter have steadily increased throughout President Joe Biden’s tenure. The influx of trillions of federal dollars into the post-lockdown economy, coupled with large-scale exports to Ukraine, has contributed to this ongoing inflationary trend.
In October alone, American shoppers saw a 3.2 percent increase in grocery prices compared to the previous year. As families gather to celebrate Thanksgiving, they are faced with the reality of having to dig deeper into their pockets to afford a traditional feast.
Despite these financial strains, Americans remain resilient. Thanksgiving serves as a reminder to cherish the moments spent with loved ones, regardless of the cost. However, it is crucial for policymakers to address the underlying causes of rising prices and work towards long-term solutions that alleviate the burden on American families.
In conclusion, the cost of a traditional Thanksgiving feast continues to rise, reflecting the broader trend of inflation and increasing household expenses. While Americans gather to celebrate this cherished holiday, the strain on their pocketbooks cannot be ignored. Addressing these economic challenges and finding sustainable solutions must be a priority for policymakers to ensure a brighter and more affordable future for all Americans.
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