Back-to-School Shopping Pushes Many Families Into Debt

Despite inflation easing, nearly a third of parents face financial strain buying school supplies and clothing.

31% of back-to-school shoppers will incur debt, using credit cards or buy now, pay later services.
Average spending per family is projected at $874.68 for K-12 students, slightly down from last year.
Parents are employing strategies like secondhand shopping and reusing items to cut costs.
High prices for essentials like electronics and clothing contribute to financial challenges.
Some families find back-to-school shopping less burdensome than last year due to lower inflation rates.