Approximately 285 million Americans sit every year on the fourth Thursday of November to celebrate Thanksgiving. With 88% of the country sharing a similar meal on the same day, price fluctuations in any of the items typically consumed on Thanksgiving can significantly change the amount Americans spend on the harvest holiday.
To determine the cost of a Thanksgiving meal every year from 1947 to 2016, 24/7 Wall St. reviewed results from the American Farm Bureau Federation’s annual Thanksgiving dinner survey from 1986 to 2016. For years prior to 1986, 24/7 Wall St. adjusted the cost of a Thanksgiving meal using the Bureau of Labor Statistics’ consumer price index for food at home in November.
According to the AFBF, the typical Thanksgiving dinner for 10 consists of a 16-pound turkey, 14 ounces of stuffing, 3 pounds of sweet potatoes, a dozen brown rolls served with butter, 16 ounces of peas, 12 ounces of cranberries, a relish tray that consists of half a pound of celery and half a pound of carrots, and two pumpkin pies made from 30 ounces of pie mix, two pie shells, half a pint of whipping cream, and a gallon of milk.