One-in-Four Skip Thanksgiving To Save Money

In addition, roughly 25% of Americans planning to skip Thanksgiving as a money saver, roughly 20% are unsure whether they'll be able to cover the costs of the holiday this year, according to a recent survey.

  • The Personal Capital survey also found one-third of respondents expect their 2022 Thanksgiving dinner to be “smaller,” and 45%, overall, said they are “financially stressed” by Thanksgiving.
  • The finding come amid high inflation in the U.S. and around the world.
  • Inflation in the United States in July was the highest in the country in roughly four decades.
  • The survey also found Americans have plans to cut the cost of their Thanksgiving celebration that typically includes a big Turkey dinner.Thirty-six percent plan to use coupons, 32% plan to compare prices, 28% will skip traveling and another 28% plan to buy a smaller turkey, the survey also found.
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