Current:Home > MyBack-to-school shopping could cost families a record amount this year. Here's how to save. -GrowthInsight
Back-to-school shopping could cost families a record amount this year. Here's how to save.
View
Date:2025-04-16 04:57:51
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! (8114)
Related
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- Alexander Payne keeps real emotion at bay in the coyly comic 'Holdovers'
- 5 Things podcast: Anti-science rhetoric heavily funded, well-organized. Can it be stopped?
- Former Ohio State OL Dawand Jones suspected Michigan had Buckeyes' signs during 2022 game
- As Trump Enters Office, a Ripe Oil and Gas Target Appears: An Alabama National Forest
- Residents shelter in place as manhunt intensifies following Lewiston, Maine, mass shooting
- Jonathan Majors' ex-girlfriend arrested amid domestic violence case against the actor
- Tennessee attorney general sues federal government over abortion rule blocking funding
- Who's hosting 'Saturday Night Live' tonight? Musical guest, how to watch Dec. 14 episode
- Scarlett Johansson and Colin Jost Put Their Chemistry on Display in Bloopers Clip
Ranking
- Angelina Jolie nearly fainted making Maria Callas movie: 'My body wasn’t strong enough'
- North Carolina Republicans put exclamation mark on pivotal annual session with redistricting maps
- 5 people found shot to death in North Carolina home: This is not normal for our community
- Palestinians plead ‘stop the bombs’ at UN meeting but Israel insists Hamas must be ‘obliterated’
- Meet first time Grammy nominee Charley Crockett
- Wife of ex-Alaska Airlines pilot says she’s in shock after averted Horizon Air disaster
- Residents shelter in place as manhunt intensifies following Lewiston, Maine, mass shooting
- A salty problem for people near the mouth of the Mississippi is a wakeup call for New Orleans
Recommendation
South Korea's acting president moves to reassure allies, calm markets after Yoon impeachment
Indian company that makes EV battery materials to build its first US plant in North Carolina
Dolphins' Tua Tagovailoa, Xavien Howard knock being on in-season edition of ‘Hard Knocks'
Taylor Swift Has a Mastermind Meeting With Deadpool 3’s Shawn Levy and Ryan Reynolds
Nearly 400 USAID contract employees laid off in wake of Trump's 'stop work' order
A baseless claim about Putin’s health came from an unreliable Telegram account
General Motors and Stellantis in talks with United Auto Workers to reach deals that mirror Ford’s
Exclusive: Mother of 6-year-old Muslim boy killed in alleged hate crime speaks out