With inflation at the highest rate in over 40 years and real wages declining, America’s families will spend on average OVER $600 per student this year on back-to-school shopping because of skyrocketing Biden-flation – this is UP nearly 30% from 2019.
MAKE NO MISTAKE: Democrat one-party rule in Washington has repeatedly failed America’s students. No child should be less-equipped to succeed in school because of Joe Biden and House Democrats’ reckless spending and failed Far-Left agenda.
BIDEN’S ECONOMIC CRISIS BY THE NUMBERS:
- Inflation is a tax on ALL Americans.
- Parents across the country will pay OVER $600 per student for back-to-school supplies this coming school year because of Biden-flation.
- This is an increase of 27% compared to 2019;
- And an increase of 8% compared to 2021.
- From June 2021 to June 2022:
- Educational books and supplies are UP 3.7%
- College textbooks are UP 5%
- Girls’ and boys’ footwear is UP 6.7%
- Girls’ apparel is UP 1.8%
- Boys’ apparel is UP 6.5%
- Sports equipment is UP 8%
- Recreational reading materials are UP 1.8%
- Elementary and high school tuition and fees are UP 3.1%
- Daycare and preschool are UP 3.7%
- Music instruments and accessories are UP 5.6%
- 54% of parents expect the economy to weaken in the next six months, compared to 28% in 2021.
- 40% of parents said they would cut back spending in other areas of their life to afford school supplies, according to a new survey by the National Retail Federation.
- The skyrocketing cost of school supplies is hurting low and middle-income families the most.
- Click HERE to see how much Biden-flation has impacted your home state.
- Consumer confidence fell in July for the third month in a row.
- In June, the CPI soared 9.1% for the 12 months ending June, the largest 12-month increase since the period ending December 1981.
- The skyrocketing cost of goods and services will cost the average American household nearly $6,000.
- Real average hourly earnings decreased 3.6%, seasonally adjusted, from June 2021 to June 2022 because of Biden’s inflation crisis.
- Overall, real wages are down 4.4%