Economy Is Impacting Back-to-School Spending

8/1/2013

More than three in four families (77%) with children in grades K-12 say the economy is having an impact on their back-to-school spending plans, according to the National Retail Federation and BIGinsight. Last year, families with children in grades K-12 spent $690 on school-related merchandise.

Families living in the Midwest are more likely than families living in other U.S. regions to say the economy will not impact their back-to-school spending. Likewise, parents ages 55-64 are twice more likely than parents ages 18-24 (31% vs. 18%) to say the economy has not impacted their back-to-school spending.

Although few families say the economy is forcing their child to switch from private to public schools, those living in the South (8%) and West (7%) are more likely to say so than those living in the Northeast (5%) and Midwest (6%).

SOURCES: National Retail Federation, Matthew Shay, President/CEO, 325 7th St., NW #1100, Washington, DC 20004; 202-783-7971; www.nrf.com.

BIGinsight, Kim Rayburn, SVP, 400 W. Wilson Bridge, #200, Worthington, OH 43085; 614-846-0146; kim@biginsight.com; www.biginsight.com.

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