Price of Thanksgiving Dinner has doubled in last 25 years
That turkey dinner you and your family are going to enjoy tomorrow is expensive. You already know that. But what you might not realize is how pricey it has gotten over the last 26 years.
In 1986, a Thanksgiving Turkey Dinner to feed a family of 10 cost just about 29 dollars. This year, it will cost you almost 50 dollars. The reason is because of the cost of feeding the turkeys. Financial strategist Ed Butkowsky said the price, down the road, could double.
“It could easily go to a hundred dollars. After that it will go up even more because that’s the way the economy works. You want your prices going up because you want the economy growing,” Butkowsky told KTRH.
Butkowsky says the high price of turkey is actually leading people to go away from the bird.
“In a lot of houses right now, you aren’t seeing turkey on the table. You’re just seeing a good gathering of friends and family. And that’s what it’s all about right now,” Butkowsky explained.
So what can you do? Do you bite the bullet and pay through the nose to keep the tradition going? Or do you make the move away from turkey to something less expensive?
KTRH's Lance Zierlein hosts ‘Southbound Food’ each Saturday afternoon at 4pm. He says there are cheaper alternatives that will allow you to have your turkey without paying an arm and a leg.
“Turkey breast is a good idea. You could also go with a rotisserie turkey breast if you want,” he said.
Stores, Zierlein said, are trying to make it easier on your wallet. Some are bundling Thanksgiving items together.
“A lot of these stores now are bundling up some really quality food. There is some competitive pricing out there,” Zierlein explained.
Just to show you how expensive things have gotten. Gas in 1986 was just 93 cents a gallon. A stamp 26 years ago was available for 22 cents. And the television show ‘ALF’ made its debut as well.