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Back To School Spending

All articles tagged with #back to school spending

economy2 years ago

"Smart Strategies for Saving on Back-to-School Expenses"

Parents in the U.S. are expecting higher back-to-school expenses this year due to inflation, with 75% of respondents planning to spend more on school supplies and new clothes compared to last year, according to a survey by ICSC. The average spending on back-to-school items is projected to be $969, with electronics being the highest expense at $260. The survey also revealed that inflation and rising prices will influence purchasing decisions, with seven out of 10 parents planning to shop at discount stores. Despite concerns about inflation, retailers are optimistic about a successful back-to-school season.

via Fox Business|
#back-to-school-spending#consumer-survey#discount-stores
finance2 years ago

"Inflation Cools, Stocks Soar: Market Update"

Stocks rose as inflation in the US continued to cool down, weakening the case for more interest rate hikes from the Federal Reserve. The S&P 500 and Dow Jones Industrial Average were up, while the Nasdaq saw significant gains. The Consumer Price Index (CPI) report showed a slowdown in inflation, but it remains above the central bank's target. Meanwhile, back-to-school spending is expected to decline due to reduced disposable income. Bank deposit rates are rising, which is good news for savers but poses challenges for banks' profitability. Core inflation remained high, particularly in rent prices, but used car prices dropped. Despite the inflation slowdown, market expectations for a rate hike at the Fed's July meeting remain unchanged.

via Yahoo Finance|
#back-to-school-spending#federal-reserve#finance
economy2 years ago

Back-to-school spending to decline 10% due to inflation, says report

Back-to-school spending is expected to decrease by 10% this year due to inflation, with parents projected to spend $597 per student, according to a forecast from Deloitte. Clothing spending is expected to fall by 14% and technology-related purchases by 13%, while school supplies purchases are expected to increase by 20%. Reduced disposable income and increased prices were cited as the main reasons for spending less or more, respectively. Discount, online, and dollar stores are expected to be popular among deal seekers, and more families plan to pay with cash or debit cards rather than credit cards.

via CNN|
#back-to-school-spending#consumer-spending#economy