Survey: US Adults Will Spend an Average of $662 This Year on Back-to-School Shopping

Category: Finance

US adults are expected to spend an average of $662 on back-to-school supplies this year, with 44% having set aside money for shopping. Most shoppers are using savings methods like sales and discounts, while fewer are relying on credit. Experts encourage budgeting and planning to avoid debt, especially with rising costs of tech products. Families are becoming more financially aware, with many opting for second-hand shopping and tax-free weekends to save money.

Keywords: Back-to-school shopping, Budgeting, Savings methods

Source: CNET

Update At: 7/31/2024

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