Tuesday, September 4, 2007

Back-To-School Means Big Bucks For Parents

WASHINGTON, D.C. (Wireless Flash - FlashNews) – Going back-to-school means big bucks for Mom and Dad.

At least that’s according to a recent poll by the National Retail Federation, which expects parents to break the piggy bank this year for back-to-school, with the average family spending a total of $563.49 on merchandise.

Although more than 95 percent of shoppers will spend their money on clothing and accesories for school this year, electronics and footwear will also burn a hole in parents’ wallets, with an average of $129.24 spent on tech toys and $108.42 on the latest kicks.

But don’t fret, Mom and Dad, because many of your young’uns plan on dropping their own cash on certain back- to-school purchases.

Turns out, pre-teens are expected to spend approximately $15.38 of their own money on items, while high rollin’ teens will spend an average of $31.19.

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