Back to School: Parents struggle with inflation

Back to School: Parents struggle with inflation

Parents are finding their back to school expenses taking a hit at their incomes.

Inflation is at an all-time high with prices spiking for groceries, gas, home goods and everything to run a household.

Only 36% of parents said they would be able to pay for everything their kids need this school year.

That’s down from 52% in 2021, when inflation was lower and stimulus checks and advance child tax credit payments helped families.

Parents are expected to spend about $661 to $864 on K-12 school supplies this year.

They are opting for recycled supplies from the previous year and hand-me-downs to cut costs.

Families with one income or a single parent can feel especially crunched.

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