Wednesday, November 26, 2014

Thanksgiving Spending Roundup

With gas prices the lowest they've been in years, it's no wonder that more of us say we'll be traveling this year for Thanksgiving. Four out of ten Americans are going somewhere for the holiday - a whopping 92 percent of them traveling by car, with 6.6 percent saying they'll be flying. Of those driving, 80 percent said they'd be going at least 50 miles.

While the cost of traveling has been dropping, the cost of dinner itself has been rising - but just barely. According to the American Farm Bureau Federation, a Thanksgiving dinner for ten will cost an average of $49.41, which is up just 37 cents from last year.

The turkey itself will cost you an average of $1.12 to $1.16 per pound this year, according to figures compiled by the USDA. That's up from $1.05 per pound last year.

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