Shoppers aren't planning to spend as aggressively on back-to-school items this year, but there's one area where they should expect to shell out additional cash.
Parents with children in elementary, middle and high school should budget an average of an additional 5 percent for the cost of supplies and extracurricular activities, according to Huntington Bank's annual Backpack Index. Huntington calculates the index by examining classroom-supply lists from schools in the six states it serves: Ohio, Michigan, Pennsylvania, Indiana, West Virginia and Kentucky.
Those with children in high school, in particular, will be hit harder than last year, with costs expected to jump 9 percent to $1,402. That compares with a 2.5 percent increase, and $941 in expected spending, for middle school children, and a 1 percent rise to $649 for elementary school parents.
For parents with one child in elementary, middle and high school, they can expect to pay as much as $3,000 on supplies and extracurricular activities, Huntington said.