Thanksgiving Economics: An Optimistic Look at Decreased Holiday Costs | Episode 76 | 11-21-23
In today’s special Thanksgiving episode of Markets with Megan, we’re taking a moment to express gratitude for some positive economic and asset class developments this year. We’re excited to share that the cost of a Thanksgiving meal this year has declined, according to the American Farm Bureau. Equities have rebounded significantly compared to last year, with the S&P 500 up about 20% year to date. While inflation remains a concern, it has eased from last year, and travel expenses have become more budget-friendly, with airfare down 13%, car rentals down 10%, and gasoline prices dropping by 25 cents compared to last year. Commodity prices, including natural gas, have softened as well compared to this time last year. As you gather around the Thanksgiving table, we hope you enjoy the company around you and have a great Holiday! If you have any comments or feedback, reach out to us at podcast at Verdence dot com, thank you!
