Agawam, MA ? Nearly a third of Americans (30%) who have children in school plan to spend more on back-to-school supplies, according to the Cambridge Consumer Credit Index. That is down slightly from 32% a year ago. 12% of American parents (unchanged from 2004) plan to spend less on school supplies, while 58% (up from 56%) plan to spend about the same as in 2004.
When asked how they will pay for their purchases, 50% plan to use cash, while 27% will use debit/ATM cards, 13% will charge it on their credit cards, and 9% will use personal checks. Compared to a year ago, that is an increase of 6% in use of debit cards and a 2% increase in credit card use and a drop of 9% in payment by personal check. 31% of population have school-age children, while 69% of Americans do not have school-age children.
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