Press Coverage - Sky News | Parents set to spend nearly £500 on school supplies

Sending a child back to school this year will set parents back nearly £500 as they fork out for uniforms, stationary and tech.

For many, the summer holidays are in full swing, but families are already planning their back-to-school spending.

Market consultancy firm Gekko has found those with children in primary school will spend an average of £490.80 to get their little ones prepped for the school term.

Those with teenagers will spend slightly less at around £422.90. and parents of young people entering college or sixth form will splash £390.20.

Overall, the amount spent will reach £2.3bn across the UK, Gekko said.

However, with families still feeling the pinch on their finances, nearly three quarters of parents have said rising costs have made it much harder to afford school supplies.

One third (33%) of parents will be drawing on savings, but others will rely on borrowing, with three in 10 putting costs on credit cards, and one in 10 even borrowing from family to foot the bill.

Daniel Todaro, CEO at Gekko Group, said: "Back-to-school spending is looming large for parents - and with rising costs, it will be more expensive than ever this year.

To read the full published Research please visit Sky News