Parents expect to spend less on school supplies
By Megan Kowalski, USA Today
Despite higher prices for back-to-school needs, students and parents will spend nearly 8 percent less this season than in 2012, according to a survey out Thursday from the National Retail Federation.
Parents will save by shopping earlier for sales, shopping online and by having children re-use items bought in last year’s booming back-to-school season, the NRF says.
Average back-to-school spending will be $635, down from last year’s average of $689, the NRF says. Back-to-college spending also will shrink this year, the NRF says, to an average of $837 for supplies — including apparel, electronics and dorm furnishings — down from $907 last year. It estimates total U.S. spending will be $26.7 billion.
The back-to-school drop comes despite a 7.3 percent increase in the cost of school supplies, fees and activities estimated by Columbus, Ohio-based Huntington Bank’s annual “Backpack Index,” also out Thursday.
The cost of back-to-school shopping could increase 36 percent from last year if students add a midprice $300 tablet to purchases, according to the Backpack Index.
A new study from educational services company CourseSmart found 35 percent of college students now own a tablet, up from 7 percent in its 2011 survey.
I wonder if the guberment will cut checks to parents so they can run out and buy Flat Screen TV’s again, remember that fiasco?