U.S. Families Spend Over $850 on Back-to-School Amid Inflation
U.S. Families Spend Over $850 on Back-to-School Amid Inflation

U.S. Families Spend Over $850 on Back-to-School Amid Inflation

News summary

As the back-to-school season approaches, families across the U.S. are preparing to spend on supplies, clothing, and electronics, with the National Retail Federation projecting an average expenditure of around $858 per family. Inflation and tariffs have raised concerns about rising costs, but recent surveys indicate that fewer shoppers are feeling pressured to change their spending habits compared to previous years, partly due to wage growth outpacing inflation. Thrifting and buying second-hand items have become popular strategies to save money, with local thrift stores offering affordable options like clothing and kitchenware. Consumers are also shopping earlier than in past years to avoid potential price hikes and stock shortages, with online shopping remaining the preferred method. Experts advise parents to inventory existing supplies, prioritize needs, and shop smart by comparing prices and looking for deals or refurbished electronics to manage budgets effectively. Despite financial concerns, overall spending on back-to-school items is expected to remain stable or slightly increase compared to last year.

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