Inflation is hitting parents' pocketbooks hard, with back-to-school shopping forecast to cost American families the most ever amid higher prices for everything from calculators to crayons.
Spending on school supplies is expected to hit a record $41.5 billion this year, according to a recent survey from the National Retail Federation (NRF) and Prosper Insights & Analytics. That would mark an increase of 12%, or $4.6 billion, from the $36.9 billion consumers spent last year.
It would also smash the previous high of $37.1 billion, set in 2021.
Families are spending more on school supplies after a year of high inflation, but also due to evolving school-related needs. For instance, more big-ticket items, like electronics related to learning, are on shoppers' lists this year.
A larger share — nearly 70% compared to last year's 65% — of back-to-school shoppers expect to buy computers and related accessories this year, according to the NRF survey.
Prices for many classroom essentials have outpaced the 4% increase in other major goods, according to an analysis by Pattern. This is how much prices of back-to-school staples have increased compared to last year:
2025-01-12 14:33861 view
2025-01-12 14:302018 view
2025-01-12 13:032682 view
2025-01-12 11:591536 view
2025-01-12 11:572718 view
2025-01-12 11:512902 view
Morgan Wallen pleaded guilty to two misdemeanor counts of reckless endangerment, reduced from the th
Jennifer Lopez is putting it all out there in "This Is Me…Now: A Love Story."On Wednesday, the "Can'
HYDERABAD, India (AP) — India’s newest airline will buy 150 Boeing 737 Max aircraft, in the first ma