Americans face higher back-to-school costs. Here's what's pricier.
Summary
Back-to-school costs in the U.S. are rising, with prices for school supplies and lunches increasing compared to last year. Families are expected to spend about $4,000 per student this year, driven by higher tariffs on imported goods and rising energy costs linked to global events.Key Facts
- The price for a typical set of school supplies is up nearly 8% compared to last year.
- School lunches are about 11% more expensive than in the previous year.
- Families may spend around $175 on school supplies and $3,800 on packed lunches per student this year.
- Many school supplies like notebooks, pens, and glue are made overseas and face higher U.S. tariffs, raising prices.
- Energy cost increases from conflicts in the Middle East have raised production expenses for supply companies.
- Some companies, like Newell Brands and Logitech, have raised prices due to tariff and energy cost increases.
- A survey found 45% of parents expect to borrow money to cover back-to-school spending, and half plan to cut household expenses.
- Common back-to-school items such as notebooks, index cards, and lunch staples like bread and blueberries have all seen significant price increases.
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