Current:Home > FinanceBack-to-school shopping could cost families a record amount this year. Here's how to save. -Capital Dream Guides
Back-to-school shopping could cost families a record amount this year. Here's how to save.
View
Date:2025-04-18 15:13:22
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! (98342)
Related
- Apple iOS 18.2: What to know about top features, including Genmoji, AI updates
- New York Mets vs. Los Angeles Dodgers channel today? How to watch Game 2 of NLCS
- Week 6 fantasy football rankings: PPR, half-PPR and standard leagues
- Operator dies and more than a dozen passengers hurt as New Jersey commuter train hits tree
- Juan Soto to be introduced by Mets at Citi Field after striking record $765 million, 15
- Cowboys stuck in a house of horrors with latest home blowout loss to Lions
- Watch little baby and huge dog enjoy their favorite pastime... cuddling and people-watching
- Aidan Hutchinson's gruesome injury casts dark cloud over Lions after major statement win
- North Carolina trustees approve Bill Belichick’s deal ahead of introductory news conference
- Did Donald Trump rape his wife Ivana? What's fact, fiction in 'Apprentice' movie
Ranking
- Stamford Road collision sends motorcyclist flying; driver arrested
- Blaze that killed two Baltimore firefighters in 2023 is ruled accidental
- Week 6 fantasy football rankings: PPR, half-PPR and standard leagues
- Trump’s protests aside, his agenda has plenty of overlap with Project 2025
- Meta releases AI model to enhance Metaverse experience
- Six college football teams can win national championship from Texas to Oregon to ... Alabama?!
- Europa Clipper prepared to launch to Jupiter moon to search for life: How to watch
- Which candy is the most popular search in each state for Halloween? Think: Vegetable
Recommendation
NHL in ASL returns, delivering American Sign Language analysis for Deaf community at Winter Classic
Travis Hunter injury update: Colorado star left K-State game with apparent shoulder injury
Off the Grid: Sally breaks down USA TODAY's crossword, Definitely Not Up to Something
Ariana Grande Brings Back Impressions of Céline Dion, Jennifer Coolidge and More on SNL
Rolling Loud 2024: Lineup, how to stream the world's largest hip hop music festival
How long does COVID last? Here’s when experts say you'll start to feel better.
2025 Social Security COLA: Your top 5 questions, answered
Mega Millions winning numbers for October 11 drawing: Jackpot rises to $169 million