Holiday Spending to Break $1 Trillion as Democrats Push Economic Narrative

• Affordability Narrative

  • Democrats were previously dismissing inflation and now emphasizing affordability.
  • Democrats are trying to portray the economy as a disaster and blame Trump.

• Gas Prices & Energy

  • Positive news: Thanksgiving gas prices at their lowest since the pandemic.
  • National average forecast: $3.02 per gallon.
  • Nearly 30 states have prices under $3; Oklahoma leads at $2.50.
  • Liberal states like California have much higher prices ($4.63), attributed to regulation and taxation.
  • Trend framed as a result of Trump’s energy policies.

• Holiday Spending

  • U.S. holiday spending expected to top $1 trillion for the first time.
  • Mixed consumer sentiment:
    • Surveys show some tightening (Gen Z plans to spend 23% less).
    • National Retail Federation predicts sales growth of 2.9–3.4%.
  • Concerns about tariffs and shipping delays; advice to shop early.

• Thanksgiving Meal Costs

  • Down 5% from last year, lowest in four years.
  • Average cost for 10 people: $55.18.
  • Sharp decline in turkey prices (down 16%).
  • Contrast with Biden-era inflation:
    • Prices surged 14% in 2021 and 20% in 2022.
    • Overall increase of ~24% during Biden’s term.

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