Parents are Preparing to Pay More this Back-to-School Season as Inflation Hits Wallets
CNBC | June 30, 2021 This back-to-school season, the average parent’s spending per student is expected to be as much as $270, compared with roughly $250 in 2020, KPMG found in a new survey. A key reason for the heightened spending is the growing expectation that items will cost more in the coming months, with 39% believe sticker prices are going up. Parents of children in preschool are planning to spend as much as 32% more money this year, the survey said, while parents of co