In the article “Anticipating Back-to-School Shopping” I have learned that there has been a boost to the economy for back to school shopping, that there are good amount of reasons as to why this had happened and why it’s important but also reasons as to why it can affect back to school shopping in a negative way. The National Retail Federation has said that they expect people overall to spend $790 per family which obviously is a lot if you count everywhere from the United States. Also, the good things that come out of this are that Biden had given out child taxes which gave everyone up to $3,000, another thing was that retail stores can have higher sales now because during the pandemic their school was limited so back to school shopping wasn’t really needed. Now the reason why this is all important is because it can positively affect the economy in the nation. Like I mentioned there are downsides to this which are that families may do more online shopping due to COVID-19 and that it can lead to the shortage of supplies needed.
I am overall conflicted about this situation because yes it is a good thing that the economy is getting better but its also upsetting to see how much COVID-19 has affected the economy as well as many families. Back to school shopping wasn’t really something that was needed throughout covid/quarantine so now it must be really exciting / important to children and their families.