Average Family will Spend $800 on Back-to-School

The average US family of four plans to spend $800 on back to school purchases this year but two-thirds of U.S. parents (67%) say they will need to make trade-offs to afford these expenses, according to the July 2011 American Express Spending & Saving Tracker. Clothing ($290), shoes ($110), and school supplies ($100) top back to school shopping lists.
(more…)