Back-to-school budgeting: How much are parents spending?

Cyber Crimes

Posted by AI on 2025-08-30 11:27:51 | Last Updated by AI on 2025-12-16 10:47:53

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It's that time of year again, and parents are faced with the annual challenge of budgeting for back-to-school shopping. This year, parents are planning to spend, on average, $848.90 on clothing, accessories, electronics, and other school supplies, according to a National Retail Federation survey. That's up significantly from last year's total of $697.70.

Of the respondents, 69 percent said they plan to spend more this year than last year, with 22 percent saying they plan to spend significantly more.

The increase is likely due to a number of factors, including inflation and supply chain issues contributing to higher prices on everything from clothing to electronics. But even when broken down, the numbers are still significant. Parents with children in elementary school plan to spend about $686.40 on average, while those with children in high school plan to spend around $1,086.40 on average.

The NRF survey also found that more than half of parents with children in elementary school plan to spend more on school supplies this year, with 31 percent planning to spend significantly more. Meanwhile, 65 percent of parents with children in high school said they plan to spend more, with 28 percent planning to spend significantly more.

"The back-to-school season is an exciting time for parents and students alike, but it can also be a stressful time for families who are struggling to make ends meet," said NRF President and CEO Matthew Shay. "Retailers are prepared to help families get what they need within their budgets to ensure students have all the tools they need for a successful school year."

Parents have a number of tactics they can use to soften the blow to their back-to-school budgets. Many rely on bargain hunting, using coupons, or shopping at second-hand stores whenever possible. Some also noted they plan to start shopping earlier this year to spread out their spending and take advantage of any deals that may arise.

The survey also found that more than half of parents plan to use credit cards to pay for their back-to-school purchases, while others plan to use cash or debit cards. Indeed, credit cards can help mitigate rising prices, as payment systems offer consumer protections and more flexibility to defer payments or consolidate balances.

Regardless of spending expectations, one thing is certain: parents will find a way to balance their children's needs with their budget capabilities, ensuring their kids are equipped for academic success.

Go!