Last year's backpack: Tapped out households are struggling to pay for back to school purchases

Last year’s backpack: Tapped out households are struggling to pay for back to school purchases

Typically, mid-July is when shopping for necessities like clothes, shoes, backpacks, school supplies, and gadgets for the new school year begins. But as high inflation takes a toll on budgets, many households are struggling to afford these annual purchases for their children. “For this back-to-school season, we’re going to see price take precedence over brand,” …

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