Back-to-school shopping to cost Americans roughly 11% more per child this year, report shows
Summary
New research shows that U.S. parents will spend about 11% more on back-to-school shopping per child this year. This means the average family could spend nearly $4,000 more on school supplies and related costs than before.Key Facts
- U.S. parents face an 11% increase in back-to-school shopping expenses per child this year.
- The cost increase translates to roughly $4,000 more spent per child.
- The research was conducted by Groundwork Collaborative and the Century Foundation.
- The report includes all school-related expenses like supplies and possibly clothing or technology.
- The rising costs may affect family budgets and how they plan for the school year.
- These findings were shared in a CBS News report by Megan Cerullo.
- The study highlights ongoing inflation and price increases in education-related goods.
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