Survey: Americans spending less on back to school

Survey: Americans spending less on back to school

Credit: Associated Press

Survey: Americans spending less on back to school

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Associated Press

Posted on July 29, 2013 at 8:15 AM

Updated Monday, Jul 29 at 8:19 AM

LOS ANGELES (AP) -- A new survey suggests that this year parents are spending less on back-to-school items compared to last year.  

Deloitte's annual back-to-school survey finds consumers more confident about the economy, but that doesn't translate to more willingness to spend.

Parents plan to spend an average of $428 on back-to-school, down from about $600 last year.

And just in time for back-to-school shopping, Virginia and North Carolina are giving shoppers a break on buying back-to-school supplies.

The sales tax holiday begins Aug. 2 and run through Aug. 4.

During the four-day holiday, shoppers at retail stores statewide won't have to pay sales tax on notebooks, pens, calculators, binders and other school supplies priced up to $20.

Shoes and most clothing items priced up to $100 also will be exempt from the sales tax.

Click here for eligible items from the Virginia Department of Taxation.
Click here for eligible items from the North Carolina Dept. of Revenue.

AP-WF-07-25-13 0638GMT

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