Thanksgiving Dinner Costs: Inflation, Pandemic, and Turkey Prices Examined

A survey by LendingTree reveals that stubborn inflation is impacting American households as they plan for Thanksgiving dinner, with about 60% of respondents considering hosting or hosting the event. The average expected cost for food, beverages, and decorations is $361, rising to $469 for families with children under 18. Approximately 34% of potential hosts feel a financial strain due to this year's Thanksgiving festivities. Inflation is affecting 60% of respondents' Thanksgiving plans or budgets, leading 77% of potential hosts to shop around or use coupons. Guests are encouraged to chip in to help their hosts, as 20% of potential hosts would consider not inviting a guest next year if they arrive empty-handed. Planning ahead and purchasing holiday decorations on sale after Thanksgiving can help save money for future celebrations.