November 21, 2022

2022: Most Expensive Thanksgiving Yet

  • Analysis, Home

By Jackson Kincaid

In Brief: 

While Biden and his supporters are proudly proclaiming what a good President Biden is (looking at you, Ms. Pelosi), how well the economy is doing, and how we should want him another four years,  the economy and grocery store shelves tell a different story. 

The Background: 

The cost of a Thanksgiving dinner has risen 20% since last year, according to an analysis from the American Farm Bureau Association.

The Daily Wire reports, “Costs for holiday staples such as turkey, sweet potatoes, and stuffing have surged since the same time last year when the lobbying group reported that the cost of the meal had increased 14% since 2020.”

“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,” Farm Bureau Chief Economist Roger Cryan remarked in a press release. “Other contributing factors to the increased cost for the meal include supply chain disruptions and the war in Ukraine. The higher retail turkey cost at the grocery store can also be attributed to a slightly smaller flock this year, increased feed costs and lighter processing weights.”

Notable Quotes: 

“Today’s report shows that we are making progress on bringing inflation down, without giving up all of the progress we have made on economic growth and job creation. My economic plan is showing results, and the American people can see that we are facing global economic challenges from a position of strength.” – President Biden

What do you think?