Thanksgiving Dinner Costs Drop 5%, Faster Wage Growth Makes Feast More Affordable

Benzinga 2024-11-25

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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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