Saturday, November 22, 2014
Carpe Turkey Diem
Something to be thankful for:
The real cost of a Thanksgiving dinner is 1.3% cheaper
than last year, 21% cheaper than 1986.
Bottom Line: The fact that a family in American can celebrate Thanksgiving with a classic turkey feast for less than $50 and at a “time cost” of only 2.39 hours of work for one person (and only $32.64 or 1.58 hours of work for Walmart shoppers) means that we really have a lot to be thankful for on Thanksgiving: an abundance of cheap, affordable food. Compared to 1986, the inflation-adjusted cost of a turkey dinner today is 21% cheaper, and 26% cheaper measured in the “time cost” for the average worker. Relative to our income and relative to the cost of food in the past, food in America has never been more affordable than it is today.
Read more at: Something to be thankful for.
Posted by Up Sucker Creek at 6:32 PM