Back To School Spending: Families Are Expected To Spend More Than $101B On Supplies This Year

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(CBS DETROIT) - Back to school spending could actually see a record this year.

According to the National Retail Federation, families are projected to spend more than $101 billion on students, in grades K-12 and college.

Last year's total was $80.7 billion.

With the rise of remote learning, 63 percent of households said they are planning to buy electronics for this school year.