Five Fun Financial Facts:
Back To School

Five Fun Financial Facts: <br>Back To School
August 20, 2020

1. Consumers will spend an average of $674 on back-to-school items this year (up from $630 in 2015) for a total of $75.8 billion: $235.39 on clothing and accessories, $204.06 on electronics, $126.65 on shoes, and $107.76 on school supplies.

2. Preschool teachers earn a median annual salary of $28,570, while school bus drivers earn a median of $30,950.

3. America is losing the erase race! In 2015, the U.S. imported $17.7 million's worth of rubber erasers, including $10.3 million worth from China. But we exported only $2.6 million worth of rubber erasers.

4. U.S. teachers' salaries range from a median of $54,550 for kindergarten and elementary school teachers to $57,200 for high school teachers. Post-secondary teachers make $72,470, while school principals are at the head of the class with $90,410 per year.

5. Stay in school! The average earnings of full-time, year-round workers age 18 and older with a bachelor's degree or higher was $83,417 in 2014. Workers whose highest degree was a bachelor's had mean earnings of $72,896, those with a high school diploma or GED earned $42,094, while workers with less than a ninth-grade education had $31,288 average earnings.


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