How Much Does the Average American Spend on Thanksgiving?
Thanksgiving, a time of family gatherings, delicious food, and gratitude, is also a time when many Americans break out their wallets. But just how much does the average American spend on Thanksgiving? According to the National Retail Federation, the average household is expected to spend around $49.44 on Thanksgiving dinner in 2023. This amount includes the cost of the main meal, as well as any additional items such as decorations, beverages, and desserts.
The tradition of Thanksgiving has deep roots in American culture, with the first Thanksgiving feast taking place in 1621. Since then, the holiday has evolved into a time for families to come together and share a meal, often featuring a roasted turkey as the centerpiece. As the years have passed, the cost of this annual feast has increased, and today, it’s one of the most expensive holidays for many Americans.
The National Retail Federation’s survey reveals that the average amount spent on Thanksgiving dinner has been steadily rising over the past few years. In 2022, the average spend was $51.88, and in 2021, it was $53.31. This upward trend can be attributed to several factors, including inflation, rising food costs, and the growing popularity of hosting larger gatherings.
One of the most significant expenses associated with Thanksgiving is the main dish, the turkey. The average cost of a turkey has increased by about 5% over the past year, with a 12-pound turkey costing around $24. According to the American Farm Bureau Federation, the price of a whole turkey has been on the rise due to factors such as higher feed costs and increased demand.
Beyond the turkey, other traditional Thanksgiving dishes, such as stuffing, mashed potatoes, and cranberry sauce, also contribute to the overall cost. Americans are expected to spend an additional $30.23 on these side dishes, bringing the total cost of the meal to approximately $79.67.
In addition to the food, many families also spend money on decorations, beverages, and desserts. According to the survey, the average spend on decorations is $10.54, on beverages is $14.86, and on desserts is $10.23. These additional expenses can quickly add up, especially for those hosting larger gatherings.
Despite the rising costs, Thanksgiving remains a cherished holiday for many Americans. The National Retail Federation’s survey shows that 88% of consumers plan to celebrate the holiday, and 84% of those celebrating will have a Thanksgiving dinner. While the average American may spend a significant amount on Thanksgiving, the holiday’s true value lies in the time spent with loved ones and the expression of gratitude.
In conclusion, the average American spends approximately $49.44 on Thanksgiving dinner in 2023. This amount includes the cost of the main meal, as well as additional items such as decorations, beverages, and desserts. While the costs may seem daunting, the spirit of Thanksgiving and the joy of gathering with family make it a holiday worth celebrating.
