Due to inflation, back-to-school procuring will probably be dearer this yr than final yr.

In keeping with the Nationwide Retail Federation, 38% of customers say they’re reducing again in different spending areas to cowl the price of their back-to-school procuring.

Paul Oster, a finance skilled and credit score restore specialist, joined Rocco Vertuccio on NY1 Saturday morning to debate the economic system and the way inflation impacts kids returning to the classroom.