The price of education
Buying all the new supplies and outfits for a new school year is a fun time for students. But it puts a pretty big hole in their parents’ pocketbooks, based on numbers from the National Retail Federation. In 2007, total back-to-school sales were expected to reach $18.4 billion. Here’s how that breaks down, on average, per student:
| Categories | Amount spent | Percent change since last year |
|---|---|---|
| Clothing/ accessories | $231.80 | 0% |
| Electronics | $129.94 | +13% |
| Shoes | $108.42 | +10% |
| School supplies | $94.02 | +9% |
| Total | $563.49 | +7% |
Source: The Associated Press
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