Higher-income US parents plan to reduce their back-to-school spending, while less-wealthy families are trading down to cheaper products - the latest evidence of heightened consumer caution in a period of rising prices.
Introduction
Higher-income US parents plan to reduce their back-to-school spending, while less-wealthy families are trading down to cheaper products - the latest evidence of heightened consumer caution in a period of rising prices.
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Read more: Wealthier Americans are cutting back-to-school spending by 20