The Cost of Back to School Increases for 2016-17
Parents, it's time to dig deep into your pockets for back to school. With the school years starting for many this week in Bismarck-Mandan, the projected costs have increased more than 30%.
To be exact, the increase is 32.5% over last year for school costs. That equates to about $1,642 compared to last year. A majority of the expense will come for purchasing technology items, (tablets, computers smart devices) and musical instruments for the musically inclined. This according to American Express Spending and Savings Tracker.
The most popular backs to school items include clothing, shoes and school supplies which make up close to 90% of the back to school expense. These items have increased in price slightly over last year.
More than 50% of those parents surveyed said they will stick to their back to school projected budget.
The majority of a parents budget biggest hit will come from gadgets, computers and smartphones.