Happy Thanksgiving! On this holiday we wanted to step back from the markets for a minute but still stick with the numbers and provide you with some fun Thanksgiving Day facts.
Turkey, Turkey and More Turkey
The average cost of a Thanksgiving dinner is down $0.22 from last year to $48.90. This is the lowest level since 2014. The main contributor to that number is turkey. A 16 pound turkey, on average, will cost your around $21.71, down $0.67 from last year. One of the main drivers of this could be tariffs. There is some estimations that because of the Chinese tariffs they are consuming less of our food which leads to our prices going down. This, along with lower gas prices, could give the consumer some surprising savings just in time for holiday season. Let’s talk quantity. On Thanksgiving a predicted 46 million turkeys will be consumed. To break that number down even further, that equates to 736 million pounds of turkey. We hope you are hungry!
Trey Booth, CFA®, AIF®
Senior Vice President
Email Trey Booth here
Associate Vice President
Email Adam Vansant here
Fi Plan Partners is an independent investment firm in Birmingham, AL, serving clients across the nation through financial planning, wealth management and business consulting. Fi Plan Partners creates strategies in the best interest of their clients using both fee based investing and transactional investing.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual. All performance referenced is historical and is no guarantee of future results. All indices are unmanaged and may not be invested into directly.
Economic forecasts set forth in this presentation may not develop as predicted.
No strategy can ensure success or protect against a loss.
Stock investing involves risk including potential loss of principal.
Securities and advisory services offered through LPL Financial, Member FINRA/SIPC and a registered investment advisor.
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