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A Deloitte survey reveals that U.S. parents plan to spend $586 per child on back-to-school items in 2024, down from $597 in 2023. Overall back-to-school spending is forecasted to remain flat at $31 billion. The muted spending is attributed to ongoing inflation, which has led shoppers to cut back on expensive electronics such as laptops and personal computers.
WATCH: Back-to-school spending this year is expected to be flat or lower in the United States, as shoppers dial down on expensive electronics such as laptops and personal computers, Deloitte said https://t.co/DtuVW6yvzy https://t.co/pPCWp3IysD
Consumer spending> US back-to-school spending to remain muted in 2024, Deloitte says July 15 (Reuters) - Back-to-school spending this year is expected to be flat or lower in the United States, as shoppers dial down on expensive electronics such as laptops and personal…
A new survey by accounting firm Deloitte showed that back-to-school spending for K-12 children is expected to be flat this year after inflation has driven up prices. https://t.co/bTkcDXt3hV