Inflation Continues Impacting Families As Children Return to School
Schaumburg, IL – Inflation costs continue to stretch family budgets to the limit, now extending to school supplies as children prepare to return to school. These costs are making cost of living even more difficult after months of unprecedented record inflation.
Check out some of the following from the AP: A basket of roughly a dozen supply items showed a price increase of nearly 15% on average for this back-to-school season compared with a year ago, according to retail analytics firm DataWeave. The price of backpacks are up nearly 12% to an average of $70, for example.
Back 2 School America, an Illinois-based nonprofit that distributes back-to-school kits to kids from low-income families, has seen “a significant increase in costs of supplies,” including a 10% increase from their vendor with another possible mark-up on the way, said the organization’s CEO Matthew Kurtzman. And shipping costs have also gone up.
8th Congressional District candidate Chris Dargis released the following statement: “President Biden signed a tax and spend inflation-driving bill yesterday in the midst of a recession while families are already struggling with high prices brought on by Democrats in Congress. Now families will have to spend even more just to make sure their children are ready for school. It’s time for real solutions not more political games. My opponent decided to skip work and let a Representative from Colorado cast his ‘yes’ vote for Biden’s tax and spend bill. I will be a representative that stands up against this reckless bill raising taxes and costs for Illinois families.”
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