this post was submitted on 24 Nov 2024
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Good news for Americans. "For the second year in a row, the cost of buying Thanksgiving dinner has decreased from the year before, according to the American Farm Bureau Federation's annual report released Wednesday."

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[–] Coreidan@lemmy.world 3 points 14 hours ago (1 children)

And I distinctly remember stores nationwide last year were giving discounts around thanksgiving on staple holiday food items. So just another bullshit metric that doesn’t mean anything.

In general food is considerably more expensive now than it’s ever been so these moronic skewed metrics aren’t going to change my opinion on how badly the government’s monetary policy over the last fifty years has been fucking over the public.

All of the money printing by the federal reserve in response to Covid is largely why you’re feeling pain right now.

[–] overload@sopuli.xyz 6 points 13 hours ago* (last edited 13 hours ago)

Yep, excess money printing (there is now 5 times more money in circulation in the USA than the start 2020) and flowing to the hands of the few wealthiest individuals means the middle class share of the overall financial pie becomes smaller.

Wages haven't increased to match the increased money flowing around society.

That results in regular people having less purchasing power and things feeling more expensive.