Poll: Rising Prices Impact Thanksgiving Plans for Many Americans

As Americans prepare for Thanksgiving this year, a new poll reveals that a significant portion of the population is feeling the strain of rising costs, with many adjusting their holiday plans accordingly.

The latest Economist/YouGov survey, conducted from November 17-19, 2024, found that 37 percent of respondents say their Thanksgiving celebrations have been impacted by price hikes. Another 36 percent reported that their plans have not been affected, while 8 percent expressed uncertainty.

Price Concerns Cross Political Lines

The survey shows a notable difference in how political affiliations influence responses to the cost increases. Republicans were the most likely to report that their Thanksgiving plans had been affected, with 47 percent acknowledging the impact of price hikes. Among independents, 35 percent said they too had felt the pinch, while 29 percent of Democrats reported similar concerns. However, Democrats were more likely than Republicans or independents to say their plans remained unaffected—47 percent of Democrats said the price increases had not impacted them.

Holiday Spending in the Spotlight

The rising cost of essentials such as food, gas, and other holiday-related expenses has been a growing concern for many Americans, particularly under the leadership of President Joe Biden and Vice President Kamala Harris. Since January 2021, the prices of common items like eggs and gasoline have surged dramatically—eggs have risen by 147 percent, while gas prices have increased by 50 percent. These price hikes have left many questioning how much they will be able to spend on holiday meals, travel, and gatherings.

Survey Methodology

The poll, which included 1,595 adult respondents across the United States, has a margin of error of plus or minus 3.4 percent. It highlights the ongoing financial pressures many Americans are facing as they approach the holiday season. With rising costs affecting everything from the cost of food to travel, this Thanksgiving may look different for many families across the nation.

As the holiday season draws near, these findings underscore the broader economic concerns that continue to shape American life, especially as inflation and cost-of-living issues remain a top priority for many voters.

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