Current:Home > ContactBack-to-school shopping could cost families a record amount this year. Here's how to save. -Blueprint Wealth Network
Back-to-school shopping could cost families a record amount this year. Here's how to save.
View
Date:2025-04-12 09:52:41
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:
- Graph Paper - 18%
- Mechanical Pencils - 16%
- Folders - 13%
- Highlighters - 13%
- Index Cards - 12%
- Crayons - 12%
- Composition Books - 9%
- Rulers - 8%
- Scientific Calculators - 6%
How to save on school supplies
- Shop at discount stores or by off-brand products. Nine percent of shoppers will switch to discount stores, or will purchase supplies as needed throughout the school year, instead of buying everything up front, according to a survey from TransUnion.
- Plan ahead. Make a list of essential tools and supplies and be on the lookout for sales, strategies that can help consumers avoid impulse purchases. "Be on the lookout for major sales events," Mark Rose, senior director of retail at TransUnion, told CBS MoneyWatch.
- Place a bulk order. Ask friends to go in on a bulk order with you, which can save money, Pattern data expert Dallin Hatch advised.
- Ask for a price adjustment. "Keep an eye out for sales that come after you've shopped, and go back and ask for a price adjustment for up to a week or two after purchase," Rose of TransUnion said.
- Buy secondhand. A Morning Consult survey shows twice as many parents said they'll buy used home goods and school supplies this year compared with last year, to keep their budgets in check.
veryGood! (53643)
Related
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- Virginia House and Senate pass competing state budgets, both diverge from Youngkin’s vision
- 2 children were killed when a hillside collapsed along a Northern California river
- Danny Masterson: Prison switches, trial outcome and what you need to know
- Skins Game to make return to Thanksgiving week with a modern look
- Senate calls on Pentagon watchdog to investigate handling of abuse allegations against Army doctor
- Why King Charles has been 'reduced to tears' following cancer diagnosis
- What is the hottest pepper in the world? Pepper X, Carolina Reaper ranked on the spice scale
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- Divers retrieve 80-pound brass bell from first U.S. Navy destroyer ever sunk by enemy fire
Ranking
- Jorge Ramos reveals his final day with 'Noticiero Univision': 'It's been quite a ride'
- Atlanta is the only place in US to see pandas for now. But dozens of spots abroad have them
- Travis Kelce, Taylor Swift visit Sydney Zoo after his arrival in Australia for Eras Tour
- U.S. warns Russia against nuclear-capable anti-satellite weapon
- Off the Grid: Sally breaks down USA TODAY's daily crossword puzzle, Triathlon
- Bail is set at $4 million for an Ohio woman charged in her 5-year-old foster son’s suffocation death
- Missing Texas girl Audrii Cunningham found dead: What to know about missing children cases
- Johnny Manziel says father secretly tried to negotiate for $3 million from Texas A&M
Recommendation
Global Warming Set the Stage for Los Angeles Fires
Teens broke into a Wisconsin luxury dealership and drove off with 9 cars worth $583,000, police say
Biden meets with Alexey Navalny's wife and daughter to express heartfelt condolences
4 alleged weapons smugglers brought to U.S. to face charges after 2 Navy SEALs died in seizure operation
Questlove charts 50 years of SNL musical hits (and misses)
Iowa vs. Indiana: Caitlin Clark struggles as Hawkeyes upset by Hoosiers
Travis Kelce and Taylor Swift’s Love Is Burning Red at Sydney Eras Tour in Australia
The Excerpt podcast: Can Beyoncé convince country music she belongs?