Cost of school supplies going up - Fox 28: South Bend, Elkhart IN News, Weather, Sports

Cost of school supplies going up

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Parents are you ready?  It's almost time to send the kids back to school.  And you're going to need some more cash this year for all the supplies.

"The lists get bigger every year," said Damion Hester when talking about school supplies.  He has five children so he has a lot of supplies to buy this year.  But it's tough, he and other parents say it's not just the issue of longer lists.  "It's actually getting more and more pricey," said Antwon Williams Sr.

Parents aren't liking the numbers they're seeing behind the dollar signs for school supplies.  And it's not all in their heads.  According to Huntington Bank's Annual Backpack Index for an elementary school student you'll pay an average of $577 for supplies, $763 for a middle schooler, and over $1,000 for a high school student.  For every age it's more than a 20 % increase since 2010.

And because of that cost the National Retail Federation says parents will actually spend less this year on school supplies.  Why?  Parents are shopping sales and re-using old supplies.  "I had to take inventory of what they had," said Williams Sr.

Some of the priciest items to buy for back to school include calculators and three ring binders.

 

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