Thanksgiving Dinners, Gift-Giving to Cost More in Grinch Economy'

Thanksgiving dinner costs will rise for New Jersey families, with turkey prices increasing 11. 5% from 2024 to an average of $38. 35 for a 15-pound bird. Inflation is also driving up prices for traditional fixings such as fresh cranberries and potatoes. Many New Jerseyans plan to cut back on holiday spending amid what WalletHub describes as a “Grinch Economy.

” Nearly two-thirds of Americans believe the holidays will be less fun this year, with 85% intending to spend less on gifts and celebrations. Concerns over rising prices are linked to tariffs from the Trump Administration and declining wages for many workers. A study from Wells Fargo suggests that consumers who prioritize brand-name products may pay $85–$95 or more to feed a Thanksgiving gathering of up to 10 guests. To mitigate costs, shoppers are encouraged to explore store-brand options available at local supermarkets like Acme and Aldi. These strategies could help families enjoy the holiday season without overspending.