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Kim Butler

Partners for Prosperity, Inc.

City:Mt. Enterprise

State: TX

I have 20+ years of handling alternative investments in cash, growth and income for clients nationwide.  I strive to help my clients with all things financial in every way possible over the phone and the web.  I own an alpaca farm which I enjoy working during my downtime.  I also enjoy gardening, writing and reading books.  I also train other advisors on Prosperity Economics.

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Cost of Classic Thanksgiving Dinner Holds Steady

Price of menu staples increased less than 1 percent this year

| BY Donald Liebenson

There will be seconds! The retail cost of menu items for the quintessential Thanksgiving dinner increased less than 1 percent this year, according to the American Farm Bureau Federation’s annual informal price survey

The average cost of this year’s Thanksgiving dinner for 10 is $49.98, a 28-cent price increase from last year’s average of $49.20.  The AFBF survey shopping list includes turkey, bread stuffing, sweet potatoes, rolls with butter, peas, cranberries, a relish tray, pumpkin pie with whipped cream, and coffee and milk

The AFBF survey is conducted by 155 volunteer shoppers who checked prices at grocery stores in 35 states.

Turkey, the centerpiece of the Thanksgiving dinner, is the menu’s big ticket item. The AFBF puts the price of a fresh16-pound bird at $22.23, about $1.39 a point. This is an increase over last year of about 4 cents per pound, or a total of 66 cents for the whole turkey. Consumers could pay less for a frozen turkey

A combined group of miscellaneous items, including coffee and ingredients necessary to prepare the meal (onions, eggs, sugar, flour, evaporated milk and butter) increased in price to $3.18. A dozen dinner rolls also increased slightly this year, up 3 cents to $2.33, the AFBF reports.

Other items showed a decrease in price from last year, including a half pint of whipping cream, a 14-ounce package of cubed bread stuffing, three pounds of sweet potatoes, a gallon of milk, fresh cranberries, one poind of green peas, a 30-ounce can of pumpkin pie mix, and two nine-inch pie shells.

The AFBF survey was first conducted in 1986, when the average cost of a Thanksgiving dinner for 10 was $28.74. Prices have risen steadily since then, with the biggest price jump occurring between 2010 and 2011 (from $43.47 to $49.20).  

About one-third (32 percent) of Affluent households surveyed by Millionaire Corner said they plan to spend between $50 and $99 on their Thanksgiving dinner, while over one-quarter (28 percent) will spend between $100 and $199.

About the Author

Donald Liebenson

Donald Liebenson writes news and features for Millionaire Corner. He has been published in the Chicago Tribune, The Chicago Sun-Times, The Los Angeles Times, Fiscal Times, Entertainment Weekly, Huffington Post, and other outlets. He has also served as a marketing writer for Chicago-based Questar Entertainment and distributor Baker & Taylor.  

A graduate of the University of Southern California, he is married with a college-age son. He also writes extensively about entertainment.