If you’re still getting back to school shopping done for your kids, you may want to start clipping coupons. According to Lending Tree, U.S. parents will be spending an average of $498 this year JUST for school supplies.
Other points from Lending Tree:
- 1 in 3 parents of school-age children expect to go into debt when shopping for back-to-school. That percentage has consistently risen over the past three years, from 26% in 2019 to 30% in 2020 and now 33% in 2021.
- Parents struggle to afford school supplies as expenses increase. Parents of school-age children expect back-to-school shopping will cost them an average of $498, and 29% say they’re unable to afford their child’s school supplies this year.
- Hybrid learning costs parents more than in-person-only learning or virtual-only school. Parents whose children will learn via a mixture of online and in-person school expect to shell out $775, and 42% think they’ll go into debt paying for it.
- Pandemic-related changes to supply lists come with a price tag. 35% of parents noted that their child’s school made pandemic-related changes to this year’s school supply lists, such as more hand sanitizer, cleaning supplies and laptops.
Woof! Read more HERE!
And check out the above video for some tips on saving on school supplies!