Back-to-school shopping to cost Americans roughly 11% more per child this year, report shows

Core Impact Points

• The report highlights a significant increase in back-to-school expenses, with parents expected to spend around $4,000 more per child this year.
• The estimated 11% increase in costs is attributed to rising prices of school supplies, clothing, and other essentials.
• The Groundwork Collaborative and the Century Foundation report suggests that this increase may disproportionately affect low-income families, exacerbating existing financial burdens.
• The report also notes that the rising costs of back-to-school shopping may lead to increased debt and financial stress for American families.
• The estimated $4,000 increase in expenses per child is based on a national average, with costs varying depending on location, school type, and other factors.