According to a study from LendingTree, 29% of Americans are unable to afford school supplies this year.
The study was taken from 1,000 children under the age of 18.
35% of parents noted that their child’s school made pandemic-related changes to this year’s school supply lists, such as more hand sanitizer, cleaning supplies, and laptops.
Parents of kids enrolled in hybrid learning are spending an average of $775 on school supplies this year — $419 more than parents of kids enrolled in in-person learning.
LendingTree offered some advice when you are thinking about back-to-school shopping.
Prioritize your expenses, plan for uncertainty by building a financial cushion, be open with your extended family members about your financial challenges, check for online deals and other coupons, and when shopping in stores, don’t forget the bargain bins.
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