Back to School Spending Crisis | Chicago News

This year’s back-to-school spending is skyrocketing to $43 billion nationwide, with Illinois parents shelling out nearly $800 per child—way above the national average of $557. Amid inflation and rising household debt, many families are feeling torn between securing their own finances and avoiding the social pressure of keeping up with classmates. Over 40% regret purchases made to prevent their kids from feeling left out, but experts offer practical tips: let kids choose a few key items, spread out shopping, and treat it as a family budget decision. Illinois residents get a small reprieve with a five-percent sales tax break on school supplies until August 16th. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/e784ea49c9bece57