The American economic ecosystem is entering a crucial phase of the year in the coming days, as the consumer-powered holiday season begins in earnest.
From the moment we put down the cranberry sauce, to the minute we start regretting that 4th glass of champagne on January 1st, our economy will be buoyed and bound to the spending that Americans do. Without a commensurate consumer pop, our entire fiscal situation could suffer, and that is precisely why the Biden administration’s inability to tame inflation is such a problem.
In fact, the White House has been so remiss in their duties to the American wallet that retailers have been forced to take matters into their own hands.
Grocers and retailers are pitching in to ease the inflationary burden of putting a Thanksgiving feast on the table.
Some stores are offering free turkeys and even issued major discounts on holiday food items as Americans face double-digit price increases for certain Thanksgiving staples.
Earlier this month, Walmart announced that customers will be able to get Thanksgiving meal staples such as turkey, ham, potatoes and stuffing “at last year’s price.”
Several national chains were participating in the easing.
“Saving money is a top priority for our customers right now, so this year, we’re removing inflation on an entire basket containing traditional Thanksgiving items,” John Laney, executive vice president of food at Walmart U.S. said in a blog post.
The Arkansas-based retailer said it is currently rolling out the pricing, and that discounts will continue “for all their holiday meals” through Dec. 26.
The news comes just after discount supermarket chain Aldi announced that it’s discounting Thanksgiving staples so that they will match 2019 prices.
Holiday food including appetizers, desserts, sides and beverages, are being discounted up to 30% as part of its Thanksgiving Price Rewind promotion, the grocer said.
The move could help American families save money heading into the purse-pummeling Christmas season as well, easing the strain that our economy faces in the New Year.