(WFSB) – 53% of people say inflation is affecting their Thanksgiving plans, according to a new study from LendingTree
The numbers are down from 59% last year.
“What this tells you is that not even something as cherished by Americans as Thanksgiving is, is immune to inflation,” said Matt Schultz, Chief Consumer Finance Analyst, LendingTree.
The survey says potential hosts plan to spend an average of $427 on food, drink, and housewares.
Schultz said if you are looking to cut costs, don’t be afraid to ask for help.
“Cause the thing that people really need to remember is that your loved ones don’t want you to go into debt over a party, no matter how cool that party might be, so chances are people are going to be willing to help and pitch in whether it’s providing decor or bringing the stuffing or the mashed potatoes or the pumpkin pie,” he added.
One in four people also told LendingTree they would consider leaving a guest off next year’s list if they didn’t bring something.
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