Economic Impact of Thanksgiving Spending

American consumers are projected to spend an average of $448 on Thanksgiving this year, reflecting the increasing costs associated with traditional holiday meals. The classic Thanksgiving feast for ten people is expected to cost around $64.05, which represents a notable 20% increase from the previous year. This rise in costs is attributed to a variety of factors, including inflation and supply chain disruptions, particularly affecting turkey prices due to an ongoing avian flu outbreak that has significantly reduced poultry supplies. As a result, while Thanksgiving is not a commercial holiday like Christmas, its economic implications are substantial as consumers navigate higher expenses for their holiday feasts.