As Sarah Longmore finished her back-to-school shopping, the mother of five looked at a $25 backpack for her preschooler. Soaring inflation had crunched the family s budget, and she decided her daughter could make do with a hand-me-down. She put the backpack back.
Parents nationwide are finding their back-to-school dollars aren’t going as far as they once did. Inflation is at levels decades high, with prices spiking for groceries, gas, home goods and just about everything needed to run a household.
Just 36 per cent of American parents said they would be able to pay for everything their kids need this school year, according to Morning Consult s annual back-to-school shopping report.
As Sarah Longmore finished her back-to-school shopping, the mother of five looked at a $25 backpack for her preschooler. Soaring inflation had crunched the family's budget, and she decided her daughter could make do with a hand-me-down. She put the backpack back.
Parents struggling with inflation: I left that $25 backpack for my preschooler at the checkout kesq.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kesq.com Daily Mail and Mail on Sunday newspapers.