One in five Americans are unsure if they will be able to cover the costs of Thanksgiving this year, and one in four plan to skip it to save money, a recent Personal Capital survey found.
The state of economic affairs in President Joe Biden’s America is affecting Americans’ holiday plans. According to the survey, one quarter of Americans are planning toThanksgiving this year to save money, and one in five “doubted they would have enough money to cover the costs of Thanksgiving this year.”
Further, Americans plan to take action to cut the cost of the celebration. Thirty-six percent plan to use coupons, 32 percent plan to compare prices, 28 percent will skip traveling, and another 28 percent plan to buy a smaller turkey. With financial strain and tightened budgets, the easiest way to save money this Thanksgiving may be to skip it altogether. A 2021