Daily Capital

The Growing Back-To-School Spending Report: By The Numbers

KEY POINTS
  • Every year the cost of education goes up, from back-to-school supplies to extracurricular activities.
  • Parents spend an average of $672 each year per child and the most on new clothes and electronics.
  • Maximize back-to-school savings by shopping at a single store that offers cash-back or rewards points.

Whether you shop early or after your child has already gone back-to-school, the numbers show it isn’t getting any cheaper. Between growing pressure to have the latest technology and multiple after-school or extracurricular activities, parents are spending more and more money to prepare their kids for the new school year – and that’s not even considering the rising cost of college tuition.

Find out how much it costs to send your kid to school in the infographic below.

The Tool To Beat

Are you spending less than average? Tell us how you do it in the comments, or read 7 Ways to Save on Back-To-School Expenses for tips!

PC_backtoschool_2016_x2_v5 (1)

Get Started Tracking Your Spend By Category

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Any reference to the advisory services refers to Personal Capital Advisors Corporation, a subsidiary of Personal Capital. Personal Capital Advisors Corporation is an investment adviser registered with the Securities and Exchange Commission (SEC). Registration does not imply a certain level of skill or training nor does it imply endorsement by the SEC.

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