According to a poll, the younger generation prefers affordability over heritage
Thanksgiving is just around the horizon, and we can already tell it won't be like previous years' typical family gatherings. Because of the epidemic, the gatherings in 2020 and 2021 were smaller, if not entirely virtual. Because of growing inflationary expenses, Generation Z is getting even more inventive with their Thanksgiving festivities.
The emphasis is on cost-cutting measures, but these modifications go well beyond just substituting canned cranberries for fresh. Thanksgiving may never be the same same after 2022.
Why will Thanksgiving be different this year?
Grocery prices have long been rising, which is why dining out is so popular this year. According to a recent Wells Fargo analysis, the elements of a home-cooked Thanksgiving feast are being hammered hard by inflation prices. According to the financial organization, the price of goods has climbed at a pace of 9.81% since 2021. The price of dining out has risen at a significantly slower rate of 5.79%. Furthermore, several of the classic Thanksgiving staples, such as turkey, potatoes, and cranberries, have also had supply challenges this year,
According to USDA and U.S. The projections of the Bureau of Labor Statistics and Wells Fargo are correct. Turkeys now cost 84 cents more per pound than in 2021, potato prices are up 18%, and canned fruits and vegetables are up 19% over last year. Although there are certain advantages and disadvantages to celebrating Thanksgiving at a restaurant rather than at home, there is no disputing that breaking with tradition is a cost-effective option for many.
Thanksgiving as seen through the eyes of Generation Z
Friends, bring on the pizza and the potluck. No, I'm serious. In 2022, Generation Z is poised to make significant changes to the way Thanksgiving is observed. Personal Capital, an online financial advisor, surveyed 1,000 people in the United States, with Gen Z respondents accounting for 25% and millennials accounting for the remainder. The survey discovered that many of those under additional financial stress after losing their jobs this year are also opting to skip Thanksgiving—32% of Gen Zers (the most likely to skip) said they'd likely do so to save money. Instead, they're having Friendsgiving, with pizza as the main course.
For the seven in ten Americans who do plan to celebrate Thanksgiving, 52% want to invite visitors to bring a dish or other item, and 42% intend to solicit cash contributions. Others want to prepare fewer dishes or keep the gathering small, but Gen Z respondents are unlikely to outperform older generations in implementing all of these cost-cutting measures.
Generation Z (and millennials) are simply trying their best. The epidemic, inflation, and potential recession make rigidly sticking to tradition extremely difficult. The "true" focus of this occasion is not where you feast or even what you eat; it is about who you surround yourself with. Have a Happy Thanksgiving, whether you share a slice or dig into some mashed potatoes.
#GenZ #Thanksgiving #GenerationZ
SOURCE: thetakeout
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