Current:Home > ScamsBack-to-school shopping could cost families a record amount this year. Here's how to save. -Zenith Investment School
Back-to-school shopping could cost families a record amount this year. Here's how to save.
View
Date:2025-04-15 08:37:36
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! (661)
Related
- SFO's new sensory room helps neurodivergent travelers fight flying jitters
- Designated Survivor Actor Adan Canto Dead at 42
- U.S. cut climate pollution in 2023, but not fast enough to limit global warming
- Federal fix for rural hospitals gets few takers so far
- 'Kraven the Hunter' spoilers! Let's dig into that twisty ending, supervillain reveal
- Blinken seeks Palestinian governance reform as he tries to rally region behind postwar vision
- Florida mom of 10 year old who shot, killed neighbor to stand trial for manslaughter
- A dinghy carrying migrants hit rocks in Greece, killing 2 people in high winds
- Trump wants to turn the clock on daylight saving time
- Armed man fatally shot by police in Baltimore suburb, officials say
Ranking
- Megan Fox's ex Brian Austin Green tells Machine Gun Kelly to 'grow up'
- Full House Cast Honors Bob Saget on 2nd Anniversary of His Death
- Barry Keoghan reveals he battled flesh-eating disease: 'I'm not gonna die, right?'
- Angela Bassett, Mel Brooks earn honorary Oscars from film Academy at Governors Awards
- Stamford Road collision sends motorcyclist flying; driver arrested
- Key moments in the arguments over Donald Trump’s immunity claims in his election interference case
- More Than 900 Widely Used Chemicals May Increase Breast Cancer Risk
- What to know about the blowout on a Boeing 737 Max 9 jet and why most of the planes are grounded
Recommendation
John Galliano out at Maison Margiela, capping year of fashion designer musical chairs
In Falcons' coaching search, it's time to break the model. A major move is needed.
James Kottak, Scorpions and Kingdom Come drummer, dies at 61: 'Rock 'n' roll forever'
South Carolina no longer has the least number of women in its Senate after latest swearing-in
What were Tom Selleck's juicy final 'Blue Bloods' words in Reagan family
Kate Middleton's Pre-Royal Style Resurfaces on TikTok: From Glitzy Halter Tops to Short Dresses
NPR's 24 most anticipated video games of 2024
County official Richardson says she’ll challenge US Rep. McBath in Democratic primary in Georgia