Ahead of Thanksgiving, media outlets across the political spectrum blared headlines warning that this year’s holiday meal will be more expensive. These stories weren’t incorrect — but they did leave out crucial context that shows things aren’t so bad after all.
The news stories claimed that Thanksgiving dinner would cost 14% more this time around. With the price of turkey in particular up 25%, they warned the average holiday meal for 10 people would cost $53.31, a $6.41 increase from last year. The source for these bombastic stories was a survey by the American Farm Bureau Federation. And these numbers aren’t wrong. They just make things sound worse than they actually are.
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