- The combined total for back-to-school and college spending is estimated to hit $82.8 billion this year.
- It’s not just parents and families who feel the pinch of school shopping — teachers also dig into their wallets.
- Educators in areas with higher levels of poverty are likelier to spend more than those in schools with bigger budgets, statistics show.
Kids love it, parents may dread it, but one thing's certain: The annual school shopping ritual is a smack to the wallet every year.
This year, back-to-school spending will hit $82.8 billion for K-12 and college combined, according to the National Retail Federation's annual survey. That's almost as high as last year's $83.6 billion.
As well as money, families spend precious time scanning sale circulars and crossing off items on their school shopping lists.
And it's not just parents and families who feel the pinch of school shopping — teachers also dig into their wallets.
Most public school teachers in all states spent their own unreimbursed money on classroom supplies during the 2014-15 school year, according to the National Center for Education Statistics.
That figure includes teachers in traditional public as well as in charter schools, K-12. Teachers who used their own money on classroom supplies spent an average of $479.
Teachers in districts that have higher poverty levels are more likely to be underfunded, according to the center. Resources are also lacking. It is precisely these two factors that motivate teachers to dig more deeply into their own pockets to help out.
Teachers do get a $250 tax deduction, but it's not a dollar-for-dollar reimbursement, says Meg Benner, senior consultant at the Center for American Progress. "It reduces taxable income," Benner said. "But a lot are spending double, if not more than the deduction itself."
The Center for American Progress has a proposal to boost wages for teachers. The reason is simple: Higher salaries will help attract and retain good teachers, according to the research and advocacy organization. Teacher pay is a significant factor in someone's decision to become a teacher, and to remain in the profession.
Teacher walkouts and strikes earlier this year show this is an issue that people care about. "The public is showing we need to invest more in our teachers to make sure kids have the quality teachers who can serve them well," Benner said.
Schoolteachers' salaries lag behind those of other professionals with college degrees. "When we look at the gap, it's very significant," Benner said.
Instead of allowing this divide, the Center for American Progress has proposed using the federal tax code to create a tax credit for teachers.
It would be similar to the earned income tax credit, but would be used to substantially increase pay for public school teachers in high-poverty schools. Teachers could see an increase of more than $190 a week in take-home pay.
The proposal doesn't just give teachers the raise they deserve, considering their responsibilities, Benner says. Given the amount teachers spend out-of-pocket, it would also make up some portion of those costs.
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