Back-to-school spending projected to hit record $43 billion, survey shows
According to the National Retail Federation, total back‑to‑school spending for K-12 students is projected to reach $43 billion, the highest on record. Families are expected to spend an average of $863 per student, which is about $5 more than last year. Rising prices for certain school supplies are contributing to higher costs, prompting many families to look for ways to save.
