Americans are tightening their belts this Thanksgiving as sustained inflation has caused some families to adjust holiday meal plans.
According to the American Farm Bureau Association’s 37th annual survey, the average cost of this year’s classic Thanksgiving feast for 10 will cost $64.05, or just less than $6.50 per person. This is a $10.74 — or 20% increase — from last year’s average of $53.31.
Data collected by AFBF in 1986 shows Thanksgiving dinner cost $28.74, on average. Sounds great, but remember, that was over 30 years ago and prices are always relative to the current economy. Some families are skipping the hassle of shopping and preparing a meal with all the trimmings and going out to eat for their Thanksgiving feats. Amici restaurant in Cherry Hill, New Jersey said it's received around 400 reservations on Thanksgiving.
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