School supplies will cost more for 2023-24 year | dailyrepublic.com

By Susan Hiland

The typical parent will spend about $600 on school supplies this year, according to savings.com.

The majority will be spent on clothing, an average of $142 per child.

Spending on school supplies is expected to hit a record $41.5 billion this year, according to a recent survey from the National Retail Federation and Prosper Insights & Analytics. That would mark an increase of 12 percent or $4.6 billion, from the $36.9 billion consumers spent last year.

It would also smash the previous high of $37.1 billion, set in 2021.

Source: School supplies will cost more for 2023-24 year | News | dailyrepublic.com

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