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Back to School Shopping is Breaking Parents Bank Account

By bondsy Jul 30, 2024 | 5:49 AM

luminastock / Depositphotos.com

It’s not something that kids and teachers want to be hearing at the end of July, but school is coming faster than they think. In fact, many parents are already doing their back- to-school shopping, and a new survey finds that the average American will be spending about $662 on back-to-school supplies this year.

One of the reasons for the whopping price tag is that, for many school kids, higher-priced tech devices have replaced traditional school supplies like notebooks, pens, and pencils.

But believe it or not, that $662 average is about 11% less than what Americans spent last year. Experts advise shopping around and looking for coupons and other rewards to save money as you do your shopping in the days and weeks ahead.

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