Bad economy means another scaled-back Thanksgiving

November 22, 2011

On this the fourth Thanksgiving since the economy sank, prices for everything from airline flights to groceries are going up, and some Americans are scaling back. Yet in many households, the occasion is too important to skimp on.

Thanksgiving airfares are up 20 percent this year. And the average price of a gallon of gas has risen almost 20 percent.

But even those who choose to stay home and cook for themselves will probably spend more. The American Farm Bureau Federation says a 16-pound turkey and all the trimmings will cost an average of $49.20, a 13 percent jump from last year.

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