As we gear up for tonight’s Thanksgiving dinner, what better conversation starter could there be than discussing the average cost of this dinner?

The American Farm Bureau Federation (AFBF) has conducted a survey that provides insights into the average cost of Thanksgiving dinner for a party of 10 each year. The positive note is that this year’s cost is slightly lower compared to 2022, showing a 4.5% decrease. However, on the downside, it has risen by 25% in comparison to the costs in 2019.

(Source: AFBF)

The current national average cost was determined by analyzing 245 surveys, which gathered pricing data from all 50 states and Puerto Rico. Dedicated Farm Bureau volunteers conducted in-person and online price checks, utilizing grocery store apps and websites. It’s important to note that these price assessments were based on regular prices, excluding any special promotional coupons or purchase deals. The following is a detailed breakdown of the various expenses contributing to this overall figure.

(Source: AFBF)

From everyone at the Lake Street team, we want to express our gratitude to each and every one of our clients. In reflecting on the spirit of this holiday, we are reminded of the importance of gratitude and appreciation for all our blessings. Your trust and partnership have been the cornerstone of our success, and we are truly thankful for the opportunity to serve you.

Presented by the Financial Planning Committee of Lake Street, an SEC Registered Investment Adviser

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