ABC Exaggerates Thanksgiving Costs to Show Traditional Feast Will Gobble Wallets
This one will really tug at your heartstrings â€“ grandmothers might have to cut corners to be able to afford the family feast this year for Thanksgiving.
â€ś[G]randmother Judy Inman is feeling the pinch as she plans Thanksgiving dinner for eight,â€ť â€śGood Morning Americaâ€ť Consumer Correspondent Elizabeth Leamy said on the November 20 show.
â€ś[O]ne of the last parts of our travel survival guide, our Thanksgiving survival guide, of course, is the rising cost of the Thanksgiving dinner,â€ť said host Diane Sawyer. â€śAs we said, the average price of a Thanksgiving dinner is up 11 percent from last year. So are there some ways to stretch the dollars and have no one know?â€ť
According to Leamy, â€śthe American Farm Bureau says it will cost $42.26 to prepare a Thanksgiving feast for 10 this year.â€ť
Itâ€™s still a bargain according to some.
â€śThatâ€™s less than a value meal at almost any fast food restaurant,â€ť Jim Sartwelle, an American Farm Bureau Federation economist, told ABC. â€śIt remains a tremendous value.â€ť
â€śThe AFBF survey was first conducted in 1986. This yearâ€™s average cost of $42.26 is equivalent to $20.46 in inflation-adjusted dollars. The real dollar cost of the Thanksgiving dinner has declined 9 percent in the last 20 years, according to Sartwelle,â€ť Robert Pore of The Independent wrote.
However, somewhere the inflation-adjusted price decline was lost in translation because if you watched the ABC segment, youâ€™d think the Inman family was priced out of some Thanksgiving festivities.
â€śThis year, Judy is baking peanut butter pie instead of pecan, and she scoped out turkey prices for days,â€ť Leamy added.
But donâ€™t worry â€“ Inman insisted she will make it work.
â€śIt isn't going to be macaroni and cheese, but weâ€™re real close on some things,â€ť Inman added.