Thanksgiving dinner costs have reached their lowest inflation-adjusted level in decades, with a 10-person meal averaging over $58. According to the American Farm Bureau Federation, that is 5% cheaper than last year. Wages growing faster than inflation have made this year’s feast more affordable, requiring 9% less work time to cover costs compared to 2023. Affordability gains highlight the post-pandemic divergence between economic data and consumers’ perceptions, with wages outpacing inflation but unevenly benefiting workers.
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00:00It's Benzinga bringing Wall Street to Main Street. Thanksgiving dinner prices have hit their lowest
00:04inflation adjusted level in decades. A 10-person meal now averages just over $58. This is according
00:11to American Farm Bureau Federation, 5% cheaper than last year. With wages growing faster than
00:17inflation, this year's feast requires 9% less work to cover costs compared to 2023. Experts say
00:23these affordability gains highlight a growing divide between economic data and consumer
00:28perceptions, as wage increases outpace inflation, but don't equally benefit all workers.
00:34For all things money, visit Benzinga.com slash GSTV.