As students across the Tampa Bay area, including thousands in Hillsborough County, head back to school, families are facing record costs to get them ready for the new academic year.
Back-To-School Spending On The Rise
School supplies, clothing, and electronics are among the expenses families are facing, with prices continuing to increase. Recent national studies show families are spending more than $800 on back-to-school purchases, with some estimates approaching $1,000.
Nearly half of families surveyed said they planned to spend more this year than they did last year. The National Retail Federation expects total back-to-school spending nationwide to reach more than $43 billion, which would be the highest total ever.
Hillsborough County Superintendent Van Ayres says helping families get what they need for the school year remains a priority. The community has come together to support families, with a recent back-to-school bash providing 30,000 backpacks and school supplies to those in need.
The National Retail Federation says families have been looking for ways to save throughout the summer, with more than half of shoppers taking advantage of major sales events, including Amazon Prime Day and deal events at retailers such as Walmart and Target.
Florida’s back-to-school sales tax holiday is also underway, with many qualifying school supplies, clothing, and other items tax-free through August 20.
Original reporting: Tampa Bay Florida News (HLL/CB) — read the source article.