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You rarely see gaslighting on such a level as this:
Yes, the price of your 2024 Thanksgiving meal is “historically low.”
Unless you click the link NBC News provides and read the very first paragraph concerning this “historic” victory for our economy.
Here it is, from the Farm Bureau:
Americans stocking up for this year’s Thanksgiving dinner will see a dip in their grocery bills for the second year in a row. The 39th annual American Farm Bureau Federation (AFBF) Thanksgiving dinner survey finds that the classic feast for 10 will run you $58.08, down 5% from last year. However, this is still 19% higher than five years ago.
“This is still 19% higher than five years ago.”
Yet, NBC News just rolls with it.
And indeed, while Thanksgiving food prices are up 19% since 2019, according to the AFBF, federal data shows median household wages growing by about 25% during the same period.
What’s more, ‘the average American also has to work fewer hours to buy the same meal than in previous years,’ the report added. ‘Wages continued to grow faster following the COVID-19 pandemic, even as inflation cooled. Because average wages rose 4% from 2023 to 2024, it took 9% less work time for us to pay for this year’s Thanksgiving dinner.’
So yeah, if you don’t count all the inflation we’ve experienced over the past four years we are seeing historic low prices this Thanksgiving.
I’m glad NBC left this next part in here, because it at least gives them a sliver of credibility.
Of course, pay gains haven’t boosted all workers evenly, and long-term expenses like housing costs and child care continue to squeeze families up and down the income spectrum. While consumer confidence has jumped in recent weeks, it remains below pre-pandemic levels.
Still, the AFBF report said, ‘even with the decreasing purchasing power of the dollar, some of the goods in our basket are at their long-term lowest prices, even in terms of the “current dollar” price.’
Yeah, tell that to the millions of Americans who can barely afford to eat fast food anymore.
Thanks NBC News for reminding us of how trustworthy your “news” actually is!
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