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“We find that the typical Thanksgiving meal will run people about 10% more this year,” said Elizabeth Pancotti, managing director of policy and advocacy the economic thinktank Groundwork Collaborative.
The data highlight three key economic facts about the current moment: The post-pandemic fiscal response succeeded in spurring a rapid recovery, the stalling labor market is exacerbating inequality, and perhaps most urgently, a recession looks increasingly likely on the horizon.
But a different analysis of Thanksgiving prices conducted by Groundwork Collaborative, the Century Foundation and the American Federation of Teachers found that Thanksgiving food prices will be nearly 10% higher across the board this year, particularly if shoppers stick with name-brand items.
indsay Owens summed up the stakes in a statement last week about Summers’ involvement with Epstein: “Everyone in Washington has known who Larry Summers is for decades. This was always hiding in plain sight…”
As families across the country prepare to carve turkey and watch football, new analysis from Groundwork Collaborative, The Century Foundation, and AFT finds that the price of a Thanksgiving dinner will be more expensive this year under President Trump, with a full meal up 9.8 percent compared to last year, more than triple the overall rate of inflation.
So even though the issue is “effectively on ice at the federal level,” as Lindsay Owens, executive director of Groundwork Collaborative, a progressive economic policy group, put it, there is still political will elsewhere to tackle it.
Instead of preparing to loosen their belts after a hearty Thanksgiving dinner, Americans are tightening theirs and serving up smaller portions as Trump’s economic mismanagement sours the holiday season.
Surveillance pricing sits at the intersection of two things most people revile: feeling tracked and feeling ripped off. So even though the issue is “effectively on ice at the federal level,” as Lindsay Owens, executive director of Groundwork Collaborative, a progressive economic policy group, put it, there is still political will elsewhere to tackle it.
Most Americans are stressed about high Thanksgiving prices, and are planning smaller gatherings as holiday staples soar by nearly 60%.
“Today’s delayed report shows troubling signs below the topline number: the underlying labour market remains weak, leaving working Americans with shrinking opportunities and rising insecurity. Month after month, the Trump economy is producing fewer jobs, more instability, and fewer pathways for families trying to get ahead,” Alex Jacquez said in a statement provided to Al Jazeera.