Inflation Has Parents Sweating During Back-to-School Shopping Due to Absence of 

Child Tax Credit and Stimulus Checks Despite rising inflation, fewer parents are able to afford 

Back-to-school shopping this year as students start heading back to school in just a few weeks.

Only 36% of the 2,178 U.S. parents surveyed by Morning Consult are able to afford their children's 

Back-to-school shopping, reported USA Today. Compared to last year, that number was down

from 52%. Furthermore, 37% of parents reported feeling stressed about back-to-school shopping,

An increase from 32% last year. USA Today reported last year that families benefited from stimulus checks 

And advance child tax credits. Claire Tassin, Morning Consult retail and e-commerce analyst, 

Said, "Now, these savings are being depleted as inflation increases." According to

The Bureau of Labor Statistics, the Consumer Price Index for All Urban Consumers (CPI-U) 

increased 1.3% in June. The all items index increased 9.1% over the past 12 months, the fastest increase in decades.

According to Morning Consult, 25% of back-to-school shoppers plan to spend 

More than $500 on supplies (from 11%) since early May. According to Deloitte, 60% of 1,200 parents 

Surveyed said higher prices are causing them to spend more. Over the past year, 

The average amount spent per child has increased by 8% to $661, and by 27% from last year.

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