I hope everyone enjoyed their Thanksgiving yesterday! We had turkey and watched some football at my brother & sister-in-law’s nearby house with our broader family. Wonderful day.
When we were there, we got into the annual conversation about the Thanksgiving turkey, how much it weighed, and how much it cost this year. It got me thinking that most people do not probably realize what an incredible value today’s Thanksgiving turkey is compared to years gone by, but it mirrors overall food trends.
Food used to be the #1 spending category for US households in the 1940s, but it has dropped dramatically over the decades.
As an example, Thanksgiving turkeys cost just over $0.50 a pound at our Target Store this year. You could get a big 16 pound bird for about $8. By comparison, that’s about 33% more turkey for the same price as it would have been in the 1940s.
I recently listened to an old ‘Our Miss Brooks’ radio show from 1947 where the cast lamented that they couldn’t get a 12 pound bird for less than $8. It’s incredible to think that despite 1138% general inflation since 1947, Thanksgiving turkeys cost less than what my grandparents paid!
Like holiday turkey, many essentials of life that have dramatically dropped in price relative to inflation. Our houses are tighter, are cars are more reliable, and our electronics are amazing. It’s hard to plan into your FIRE spending plan, but our quality of life continues to grow. What one generation views as an extravagant luxury, the following generations develop strategies to bring it to market in affordable ways.
Have A Great Holiday Weekend & Be Thankful for Our Blessings of Abundance!
Image Credit: Pixabay