Survey: Teens underestimate cost of back-to-school supplies - KFVS12 News & Weather Cape Girardeau, Carbondale, Poplar Bluff

Survey: Teens underestimate cost of back-to-school supplies

(Source: Raycom Media) (Source: Raycom Media)
(KFVS) -

A new survey finds a majority of teenagers in the U.S. believe back-to-school supplies cost less than what their parents actually pay.

According to a survey conducted by Junior Achievement USA, 78 percent of teens think their parents pay less than $500, but the Backpack Index shows parents of teens spent anywhere from $957-$1,498 on back-to-school supplies this year.

"Money can sometimes be an abstract concept to kids, even teens," Jack Kosakowski, President and CEO of Junior Achievement USA, said. "Back-to-school time can be a teachable moment. Parents should take their kids shopping with them to increase their financial awareness and gain a better understanding of what things really cost. This helps teens better understand the cost of living."

Only five percent of teenagers believed their parents spent $500 or more.

The non-profit organization surveyed more than 1,000 teens to find the results, which revealed some teens understood the cost of going back to school  and how it can present financial difficulties.

Twenty percent of the teenagers surveyed said their parents had financial problems paying for school supplies.

Download the KFVS News app: iPhone | Android

Copyright 2016 KFVS. All rights reserved.

  • Heartland NewsMore>>

  • First Alert: Temps much cooler, more rain possible

    First Alert: Temps much cooler, more rain possible

    Friday, June 22 2018 3:55 PM EDT2018-06-22 19:55:52 GMT
    Temperatures are running below average, mainly in the upper 70s and lower 80s. (Source: KFVS)Temperatures are running below average, mainly in the upper 70s and lower 80s. (Source: KFVS)
    Temperatures are running below average, mainly in the upper 70s and lower 80s. (Source: KFVS)Temperatures are running below average, mainly in the upper 70s and lower 80s. (Source: KFVS)

    Laura Wibbenmeyer says the cooler weather will stick around today because clouds and rain showers will rotate through.

    Laura Wibbenmeyer says the cooler weather will stick around today because clouds and rain showers will rotate through.

  • Group traveling 4000 miles on bike comes through IL for a good cause

    Group traveling 4000 miles on bike comes through IL for a good cause

    Friday, June 22 2018 8:50 PM EDT2018-06-23 00:50:42 GMT
    The group stopped in Marion for the last two days to help work on a local Habitat for Humanity build. (Source: Pixabay)The group stopped in Marion for the last two days to help work on a local Habitat for Humanity build. (Source: Pixabay)

     The group stopped in Marion for the last two days to help work on a local Habitat for Humanity build.

     The group stopped in Marion for the last two days to help work on a local Habitat for Humanity build.

  • Farmers describe ‘unusual’ tornado in Stoddard County, MO

    Farmers describe ‘unusual’ tornado in Stoddard County, MO

    Friday, June 22 2018 8:23 PM EDT2018-06-23 00:23:01 GMT
    The view of Thursday's tornado from the Odom home in Marco, MO (Source: .The view of Thursday's tornado from the Odom home in Marco, MO (Source: .

    People who saw an odd looking tornado touch down in Stoddard County Thursday night are still a little shaken from the experience. 

    People who saw an odd looking tornado touch down in Stoddard County Thursday night are still a little shaken from the experience. 

Powered by Frankly