đŚTurkey trade-off
This Thanksgiving, the tables may be turning, especially when it comes to whatâs on the menu.
Nearly half of households (47%) are considering a turkey trade-off, as a premium 16-pound bird comes in at $31.68. Swaps range from roasted chicken (38%) to pizza, burgers, or even fast food (30%) â a shift led by younger generations, according to Empower research. Still, the holiday stays special: People plan to spend about $137 on food, and 70% say Thanksgiving is a time when they donât mind paying a little extra.
What's off the table? People say conversations about money should be off-limits.
â The Editors
đ Apple pie premium: The Honeycrisp may be the apple of Americaâs eye, but farmers call it high maintenance and costly to grow. At about $2.16 a pound, itâs pricier than everyday varieties, though bakers still swear by pairing Honeycrisp with cheaper Granny Smiths for the perfect pie.
đ Ready for guests: New 10â25% tariffs on wood and home goods â from furniture to vanities â could drive up project costs. Meanwhile, 39% of Americans are cutting back on home repairs, and even DIYers will feel it â tools and supplies are up 6.2% year-over-year, per the Consumer Price Index.
đł Slice of relief: Credit card debt dropped 5.5%* between July and August â a welcome cut before holiday spending season. Try these strategies to pay down debt â and then keep the topic off the plate this Thanksgiving.
đCarving up shares: Netflix announced a 10-for-1* stock split, slicing its shares into smaller pieces for investors on November 10. The shares closed at $1,089 on October 30 and are up 22% this year. The move doesnât change Netflixâs value â it just lowers the price per share for investors.
Stuffing the cart
As soon as Thanksgiving dinner ends, 39% of Americans start shopping for their holiday gifts, Empower research shows.
Online shopping is the preference for 65% and this holiday season chatbots could boost online traffic by 520%, as OpenAIâs new retail partnerships with Walmart, Etsy, and Shopify let shoppers browse, compare, and even check out right in the chat.
U.S. shoppers are expected to spend more than $253 billion online between November 1 and December 31 â with 43% planning their holiday budget around Black Friday or Cyber Monday deals.
âTis the season?
Searches for seasonal work are already up 27%* year-over-year as of the end of September and 50% above 2023, yet job postings have risen only 2.7%, pointing to fierce competition and fewer openings for holiday hires.
Retailers looking to hire* seasonal staff include Bath & Body Works with plans to add 32,000 people, Dick's Sporting Goods with 14,000 jobs, and Kohlâs with several thousand openings.
Pass the remote
The first NFL game of the day kicks off at 1 p.m. ET on Thanksgiving, and it will stream free* with Fox Sports featuring the Detroit Lions-Green Bay Packers matchup live on Tubi.
Some football fans might prefer the stadium to the couch, but itâll cost them: The least expensive tickets are standing room only at over $366,* as of November 3. Nearly three in five Americans (59%) think being able to spend on things and experiences that bring joy is the best measure of financial success, according to Empower research.
Get financially happy
Put your money to work for life and play
*Third-party data is obtained from sources believed to be reliable; however, Empower cannot guarantee the accuracy, timeliness, completeness, or fitness of this data for any particular purpose. Third-party links are provided solely as a convenience and do not imply an affiliation, endorsement, responsibility, or approval by Empower of the contents on such third-party websites.
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