It’s been 399 years since the first Thanksgiving feast in Plymouth, Massachusetts, and the holiday has since become a beloved hallmark of autumn joy, a celebration of gratitude and reflection in the company of those dearest to us. The day itself offers plenty to be thankful for: reuniting with loved ones, carving the turkey, catching the scent of a freshly baked pumpkin pie, arranging a cornucopia at the center of your dinner table. Whether it’s family, friends, food, football, or your favorite uncle flying off on a wild tangent, there’s something for everybody on Thanksgiving.
But the day of thanks also has important economic significance. The latest commentary from Cetera Investment Management explores the Thanksgiving economy, including the feast itself, and the weekend of holiday shopping that follows. Like most events this year, Thanksgiving will be a little different: but it may give us a reason to refocus on what we are truly thankful for.