A mid-July survey by U.S. News & World Report shows that more than three-quarters of Americans – about 77% – are moderately or very worried about being able to pay for back-to-school expenses. Add those who are at least a little worried, and the total who are concerned jumps to nearly an astounding 96%.
For the 12-month period ending in June, inflation rose 9.1%. This is the largest 12-month increase since the end of November 1981, and it has helped create a much more expensive school year.
A mid-July survey by U.S. News & World Report shows that more than three-quarters of Americans – about 77% – are moderately or very worried about being able to pay for back-to-school expenses. Add those who are at least a little worried, and the total who are concerned jumps to nearly an astounding 96%.
For the 12-month period ending in June, inflation rose 9.1%. This is the largest 12-month increase since the end of November 1981, and it has helped create a much more expensive school year. Read more >> Emma Kerr, Personal Finance Editor | Consumers are struggling with rising prices and higher interest rates. Read more >> | Credit card interest is expensive, but you can reduce or eliminate it. Read more >> | How can you tell if money is fake? Check the bills in your wallet with these methods. Read more >> | | | Business casual looks a bit different since the pandemic. Here's what to wear to work. Read more >> | Are you getting ready to leave your current job and start the next chapter of your career? There are so many things to take care of in your final two weeks, you may wonder if it's really necessary to write a goodbye email to your co-workers. After all, the company has announced your departure and you're ready to move on. Read more >> | | | If you're enjoying this newsletter, forward it to a friend and check out more personal finance advice. | Follow U.S. News Money on Twitter for more advice about your finances and the U.S. News Facebook page for news and advice across all areas of your life. You can also find more career and money advice by following us on LinkedIn. | Plus: Connect with our team! Follow the U.S. News Money team on Twitter: @EmmaRKerr, @BeverlyHarzog, @DevonThorsby, and @Aiming2Retire. Send Emma your feedback and personal finance questions – your question may appear in a future newsletter edition! | | | |
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