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Published 8 hours ago
Inflation has shoppers fearing back-to-school items will strain budgets
Back-to-school expenses are even more jarring for middle-income households this year

By Daniella Genovese FOXBusiness

Shoppers getting squeezed by inflation are worried back-to-school shopping will further strain their already tight budgets, according to a recent Bankrate report.

This fear is pushing most consumers, specifically middle-income households, to rely on money-saving tactics to offset these costs, according to a Bankrate survey of over 2,400 U.S. adults.

Of those surveyed, 41% revealed that inflation, which climbed 8.5% in July, will change the way they shop for the 2022-2023 school year. Nearly all of these shoppers — about 95% — are employing money-saving strategies.

This year, families with children in elementary through high school will spend an estimated average of $864 on school items, according to the National Retail Federation.

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https://www.foxbusiness.com/lifestyle/inflation-shoppers-fearing-back-school-shopping-strain-budgets
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Re: Inflation has shoppers fearing back-to-school items will strain budgets
« Reply #1 on: August 11, 2022, 03:47:29 pm »
The president said yes yesterday we have zero inflation?
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Re: Inflation has shoppers fearing back-to-school items will strain budgets
« Reply #2 on: August 11, 2022, 04:08:55 pm »
Thrift stores and resale shops are  great options. 
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