Parents are shelling out a record average of $661 per child on back-to-school items, as prices rise on everything from pencils to backpacks. As millions of kids pile back into schools for the start of the fall semester, parents have been scrambling to make it through the back-to-school shopping season. While back-to-school shopping is something of an end-of-summer tradition for millions of families with school-age kids, rising prices over the past six months have made this year’s...

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