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Let's Talk Turkey: The Cost of Thanksgiving Dinner
Source: Council for Economic Education (EconEdLink) | Type: Lesson

How does your family celebrate Thanksgiving? Are you joined by friends and/or family for a special feast? What do you eat? Most American families celebrate Thanksgiving by cooking turkey. According to EatTurkey.com, approx. 88 percent of U.S. households eat turkey on Thanksgiving at an average weight of 16 lbs a turkey that adds up to 736 million pounds that will be eaten this Thanksgiving.

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Good for budgeting and smart shopping too!    December 17, 2008
By: Copper, A
The class I used this lesson in has three foreign exchange students. We discussed what "Thanksgiving" was in their home countries and if they have any "large" meals like ours for any celebration. This lesson also helped the students learn more about Thanksgiving when they tried to explain it to our exchange students.

As we were talking about CPI, inflation and deflation, the students were able to use that information and discuss what is currently happening in our economy. They felt deflation (especially of gas prices) was a good thing until they learned that pushes the unemployment rate up.

This activity helped them with budgeting also. By comparing years, they could see how their families might need to change certain traditions or budget more money to their Thanksgiving Day meal. When comparing the area grocery stories prices, they could see why it is important to "shop around" to receive the best deal.