Nov 20, 2022
Budgeting

Question of the Day: What's the average cost of a Thanksgiving dinner for ten?

It's time to talk turkey about the cost of this year's potatoes and gravy.

Answer: $64.05, up 20% from last year!


 

Question:

  • Have you noticed inflation (the increases in prices) in items that you or your family purchase in your own lives?
  • Assuming you have an extra $10 to spend, what additional food items would you add to this list for Thanksgiving dinner?
    • Do online research to make sure you’re not spending more than $10.
  • What are you thankful for this Thanksgiving season?

Here are the ready-to-go slides for this Question of the Day that you can use in your classroom.

 

Behind the numbers (Axios):

"Your Thanksgiving meal with all the trimmings is expected to cost 20% more than last year.

Why it matters: Nearly every ingredient in the classic Thanksgiving feast is more expensive between inflation, supply chain interruptions and the avian flu, according to the American Farm Bureau's annual Thanksgiving dinner survey.

Driving the news: The survey, released Wednesday, found the average cost of this year’s holiday meal for 10 is $64.05 up from the 2021 average of $53.31.

It's the most expensive dinner in the 37 years of the bureau's holiday survey.

What they're saying: "General inflation slashing the purchasing power of consumers is a significant factor contributing to the increase in average cost of this year’s Thanksgiving dinner," said Roger Cryan, the bureau's chief economist, in a statement."

 

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Looking for more Thanksgiving-related resources? Be sure to check out the NGPF PROJECT: Plan a Friendsgiving dinner 

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About the Author

Mason Butts

After graduating from UCLA with a Master's in Education, Mason spent 5 years as a science educator in a South Los Angeles public high school. He is committed to supporting the holistic growth of all students and empowering them to live a life of relational, academic, and financial success. Now settled in the Bay Area, Mason enjoys facilitating professional developments and partnering with educators as they prepare students for a bright financial future. When Mason is not building curriculum or planning a training, he can be found cycling, trying new foods, and exploring the outdoors.

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