PALM BEACH COUNTY, Fla. — Back-to-school shopping may get more expensive for parents as summer vacation comes to a close, WPTV reports.
Surveys have predicted that, due to inflation and interrupted supply chains, the cost of sending kids back to school may have risen by at least 8% from last year.
Local organizations like the Boys and Girls Club of Palm Beach County and GL Homes are attempting to help struggling families by collecting donated school supplies before the start of the school year.
Their goal is to collect more than 2,000 supply-filled backpacks before August 1st.
Deloitte Back-To-School Survey, which conducts annual studies into the amount of money spent on an individual child returning to school, predicts that, in 2022, parents will spend around $661 on just one child’s school supplies.
Inflation is at a 40-year high, causing these prices to rise.
Carl Gould, president of the business management firm 7 Stage Advisors, said that supply chain issues and shortages are also contributing to the price increase.
For families struggling with this price increase, Gould said “I’d be looking on eBay. I’d be looking at Goodwill, and I’d look at the other stores where you have secondhand items because with the supply chain problems, the primary market, the secondary market has really taken off,”
Candace Burrs, executive director of the Florence De George Boys and Girls Club in West Palm Beach said “In order for them to be successful this school year, it’s going to be important for them to have access to these materials,”