Inflation Drives Prices Up As The Holiday Season Approaches

The video discusses the rising costs of living, including gas and food prices, and their impact on Thanksgiving planning. Despite higher travel costs, AAA predicts an increase in Thanksgiving travel, nearing pre-pandemic levels. Travelers are advised to plan ahead due to expected congestion and potential weather issues. Rising food prices, particularly for turkey, will make Thanksgiving dinner more expensive, affecting low-income families the most. Food banks are seeking donations to support these families. The CDC recommends vaccination for those gathering with family and friends to prevent virus spread.

What is one of the main reasons people are feeling the pinch in their wallets?

• Increased job opportunities

• Lower homeownership rates

• Rising gas and food prices

• Decreased travel opportunities

How does the expected Thanksgiving travel this year compare to pre-pandemic levels?

• It is not expected to change

• It is expected to be higher

• It is expected to be about the same

• It is expected to be lower

What is a significant challenge travelers might face during Thanksgiving?

• Congestion and staffing issues

• Decreased flight availability

• Increased travel costs

• Lack of travel destinations

What is the projected increase in turkey prices compared to last year?

• 10%

• 16%

• 25%

• 20%

What does the CDC recommend for those planning to gather for Thanksgiving?

• Ensure everyone is vaccinated

• Limit gatherings to immediate family

• Avoid traveling altogether

• Wear masks at all times