Back-to-School Gadget Buys Are Up, Though Kids Still Need Pencils to Chew On

  Back-to-School Gadget Buys Are Up, Though Kids Still Need Pencils to Chew On

    Technology not just for high-schoolers — kids are bringing tablets to
                                 kindergarten

Business Wire

NEW YORK -- August 20, 2013

Ninety two percent of Americans will hit the stores for back-to-school
shopping this fall, spending an average of $1,094 on supplies, up 26% since
last year, according to the latest American Express Spending and Savings
Tracker. A probable cause for the increase, half of parents with school-aged
children plan to buy at least one digital gadget this back-to-school season,
up from just 36% last year. Top tech buys on the back-to-school lists include:

  *Laptops (25% vs. 15%)
  *Scientific calculators (18% vs. 15%)
  *Tablets (15% vs. 7%)
  *Mobile phones (13% vs. 12%)

Download and view: American Express Spending & Saving Tracker

Infographic: Parents' Electronic Back to School Shopping List

Of parents buying their kids a mobile phone, nearly seven in ten will purchase
a high-tech smartphone. On average, parents believe that age 12 is the most
appropriate time for kids to get their first cell phone.

“Items like pencils, notebooks and crayons are completely ‘old school’ on
parents’ shopping lists,” said David Rabkin, SVP U.S. Consumer Lending
Products, American Express. “Instead, they’re investing in the latest
technology to help them learn, and we expect technology spending for
back-to-school to only continue to increase in the years to come.”

K-8 Students Use Electronics More Than Older Siblings

Kids aren’t just using the latest technology to watch funny cat videos. This
year, devices are highly valued as learning tools, with 70% of all students
using technology, like tablets and smartphones, to support learning. Younger
students are embracing technology at higher rates than their older siblings,
with 74% of students in grades K-8 incorporating digital devices into their
studies, vs. 71% of their high school counterparts. Tablets are the device of
choice for the K-8 set, with 48% using them for learning, compared to 43% of
high school students.

Still Need Pencils to Chew On

Beyond technology, parents with back-to-school shopping lists will spend an
average of $102 for traditional school supplies this year, up from $79 in
2012. Over half (55%) of parents will purchase school books that aren’t
supplied by the school. The increase in students using eReaders and other
devices for school may explain why parents expect to spend less on textbooks,
paying an average of $193, compared to $209 last year and $265 in 2011.

Kids Play, Parents Pay

The majority of parents (89%) feel that back-to-school started early this
year, as retailers encourage parents to purchase supplies sooner. Yet, most
parents don’t mind the early season, with 41% appreciating the opportunity to
get a head start on their back-to-school shopping.

Back-to-school spending isn’t all about the supplies. Many parents plan to
invest in their kid’s passions and interests, with 56% spending an average of
$238 for extracurricular activities. For many, the cost of back-to-school
means the family budget will be scaled back in other areas, and 69% of parents
will make tradeoffs in order to afford back-to-school expenses, including
scaling back on dining out (51%), wardrobe or accessory purchases (39%),
entertainment (36%) and travel (31%).

About the American Express Spending & Saving Tracker

The American Express Spending & Saving Tracker research was completed online
among a random sample of 2,001 adults, including the general U.S. population,
as well as an Affluent demographic defined by a minimum annual household
income of $100,000, and parents with school-aged children. Interviewing was
conducted by Ebiquity, formerly Echo Research, between July 24 – 30, 2013. The
results reported in this release have a margin of error of +/- 3.0 among
parents of school-aged children (n=1,081) at the 95 percent level of
confidence.

About American Express

American Express is a global services company, providing customers with access
to products, insights and experiences that enrich lives and build business
success. Learn more at americanexpress.com and connect with us on
facebook.com/americanexpress, twitter.com/americanexpress and
youtube.com/americanexpress

Key links to products and services: charge and credit cards, business credit
cards, travel services, gift cards, prepaid cards, merchant services, business
travel, and corporate card.

About Ebiquity Plc

Ebiquity provides independent data-driven insights to global media, marketing
and communications professionals to continuously improve clients' business
performance. This includes specialized services in research supporting
creative testing, brand/advertising tracking, corporate reputation, brand
image, research for public relations and thought leadership, global
media/social media content analysis, and communications research. Ebiquity
acquired Echo Research in May, 2011 and Echo officially started conducting
business under the Ebiquity name on July 1, 2013. Learn more at Ebiquity.com

Contact:

American Express
Melanie Backs, 212-640-2164
Melanie.l.backs@aexp.com
 
Press spacebar to pause and continue. Press esc to stop.