According to Deloitte survey data, 44 percent of Americans hosting Thanksgiving are concerned about the rising costs of the event in the Biden-Harris era. Three in ten hosts are cutting downurning to leave more friends or relatives off the invite list this year, and Gen Z hosts seem especially affected, with 61% reporting concerns about costs and 49% reducing their guest lists.
Forty-four percent of Americans hosting Thanksgiving are concerned about the cost of the event as they continue to face inflation in the Biden-Harris era, according to Deloitte survey data.that, due to rising costs, three of ten hosts are “leaving more friends or relatives off the invite list this year.”
Half making between $50k and $99k said they are concerned about the cost associated with hosting, and 34 percent in that bracket said they will invite fewer guests.nearly a quarter, 24 percent, said they would invite less guests than in the past.Age demographics also matter, and Gen Z hosts seem especially affected this year. In our survey, they were the most likely to report concerns about costs and the most likely to reduce their guest lists .
Among the one in ten who are not attending a gathering, “40% say they are not celebrating with others due to the higher food costs, 35% cite more general financial concerns, and 26% say they are scheduled to work during the holiday,” per Deloitte. A dinner for 10, featuring 12 traditional dishes—like turkey, stuffing, cranberries, and pumpkin pie mix—will average $58.05, according to an annual survey by the American Farm Bureau Federation. That’s up from $46.90 at the last Thanksgiving of Donald Trump’s first term.
THANKSGIVING INFLATION COSTS GEN Z DELOITTE
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