I would say “Happy Thanksgiving,” but for a lot of us, it won’t be. According to a recent Personal Capital survey, too many Americans worry that they will not have enough money for Thanksgiving this year, whereas others claim they’ll have to forgo the holiday entirely.
According to Personal Capital’s survey, a startling one in four Americans will skip Thanksgiving dinner this year.
That’s because the money that American families would typically have to spend on a great Thanksgiving feast has all but vanished due to President Joe Biden’s inflation crisis, which is still churning at a close-to-record high.
Biden and his family will celebrate Thanksgiving at the $20 million Nantucket, Massachusetts mansion of wealthy private equity magnate David Rubenstein, as Americans struggle to put food on the table. The Bidens are reportedly celebrating Thanksgiving for the second year in a row way only the wealthiest Americans can these days, according to the New York Post.
Biden screws up the American people thanksgiving then goes to Nantucket to smooch a thanksgiving dinner off one of his rich donors!!!!#TheFive
— Rpjulie (@Rpjulie1) November 22, 2022
Why is it that working-class Americans are compelled to pick between name-brand and store-brand sauce in order to save a few cents, but aristocratic Democrats seem to be the only ones partaking in traditions like Thanksgiving dinners that we used to enjoy?
“1 in 5 Americans are concerned about affording Thanksgiving dinner this year, according to a recent Personal Capital survey. #Bidenflation is crushing Americans’ budgets this holiday season & Democrats still have NO plan to end the reckless government spending that created it,” House Republicans wrote last month.
1 in 5 Americans are concerned about affording Thanksgiving dinner this year, according to a recent Personal Capital survey.
#Bidenflation is crushing Americans’ budgets this holiday season & Democrats still have NO plan to end the reckless government spending that created it.
— House Republicans (@HouseGOP) October 23, 2022
It becomes worse when we return to the Personal Capital survey. One in four Americans questioned whether they would have enough money to prepare a Thanksgiving meal this year.
Only seven out of ten Americans, down from nine out of ten last year, said they would even observe the holiday this year. It would be an understatement to say that makes me sad.
Finally, they said that they would spend 33 percent less than what would typically be allotted for such a feast for those fortunate Americans who have some money left over to prepare a Thanksgiving meal.
The Consumer Price Index (CPI), based on the Bureau of Labor Statistics (BLS), showed that the cost of food consumed at home climbed 12.4% from the previous year in October.
If it were merely a 12.4 percent hike, everyone who has visited a food shop in the last six months would concur that it would be a dream. My $1.99 coffee creamer from Walmart from a year ago now costs approximately $5.00. That’s absurd, so it makes sense that household debt is increasing.
Speaking of household debt, under Biden, the Household Debt and Credit report by the Federal Reserve Bank of New York indicated that household debt rose an astonishing $351 billion in the third quarter of 2022 alone, making for a current total household debt of $16.51 trillion, according to Fox Business.
After the Bidens fill their bellies on Thanksgiving with luxury foods that most of us probably haven’t even heard of, let alone afford, the first family has also seemingly tied up all the local resources in Nantucket for a tree-lighting ceremony to take place on Main Street on Friday.
“With President Biden once again planning to attend Friday’s Christmas tree lighting ceremony on Main Street, @NantucketPoliceDept. has issued the following security advisory for those planning to attend. Barricades, parking restrictions, street closures, and security screening,” the Nantucket Current tweeted. CONTINUE READING…