The price of back-to-school supplies and clothing is soaring. Families can expect to spend up to 25% more this year on school supplies and extracurricular activities, according to the 2011 Huntington Backpack Index conducted by Huntington Bank. It's the largest annual increase in the index in its six-year history.
Huntington surveyed national chain stores and found that parents of elementary students can expect to pay an average of $530 this year to cover the list of supplies and school fees, an increase of 12% from $474 last year. For students in middle school, costs will surge 25% to $682 and expenses for high school students will jump 9% to $1,094 on average.
Are you finding prices higher than usual? How are you trying to find ways to save? Share your stories and tips with us, and we may share them here and on Eyewitness News First at 4:00 p.m.