Keyword Search:
text size: A | A | A
On Your Side: Money for Back-to-school Shopping Tight
posted 07/15/09 5:56 pm
ABC 7 News - On Your Side: Money for Back-to-school Shopping Tight
Stay on top of breaking news!
Sign up for ABC 7 News e-mail alerts.
Your Email:  
Follow ABC 7 News on Twitter
Follow ABC 7 News on Facebook
While it's almost time to go back-to-school shopping for new clothes and supplies, many say the recession is putting a big dent in their budgets this year.

Right now, the prediction is families are going to be conservative when it comes to school shopping. A survey by the National Retail Federation says 85-percent of Americans are changing their spending plans because of the economy.

"What we're hearing many people say is that their kids are going to do without this year. Their kids are going to wear the same pair of jeans that they did last year," said Ellen Davis of the National Retail Federation.

Some high school seniors from D.C. say they are hunting for sales more often and their parents already told them they'll be spending less this year.

Said student Tenisha Wyn, "If it's on sale, why not go to a sale instead of paying full price for it?"

"She said since you have a job, you buy your own stuff," added Marissa Montfort, a student.

The survey also found that some families are even changing schools altogether, making the decision to send their children back to pubic school. Others are cutting back on extracurricular activities or sports to save money.

But the one sales spot that hasn't changed is electronics. Stores like Best Buy say families are purchasing computers and laptops -- showing college students are the exception to the spending rollback.

Experts say the same thing goes for discount and online stores. "Sixty percent off, 70-percent off and in the stores you don't find it like that," said Montfort.














 Email To Friend  Email This Article  AddThis Feed Button     Add to Mixx!

read more stories in 7 On Your Side

ABC 7 Talkback - Story Comments
You need to be a registered member of
ABC 7 News to leave comments on news stories.
Not a member yet? Click Here to sign up.
Username or Email Address
Password
Please leave your comments below:
Messages that harass, abuse or threaten other members; have obscene or otherwise objectionable content; have spam, commercial or advertising content or inappropriate links may be removed and may result in the loss of your posting privileges. Please do not post any private information unless you want it to be available publicly. Never assume that you are completely anonymous and cannot be identified by your posts.
More News and Videos


TM & © WJLA/NewsChannel 8, a division of Allbritton Communications Company
Please read our Privacy Policy. By using this site, you accept our Terms of Service.
Children's Television | EEO Reports | DTV Consumer Education Reports
Closed Captioning Contact Information
WJLA adheres to the ICRA RATING SYSTEM
  {ts '2009-10-14 09:47:59'}