Date Posted: 08/26/19
The NCP Blog: Back-to-School Spending
Are your kids or grandkids going back to school – or have they already started? Whether your children are young or not so young, you certainly know that the back-to-school season is one of the busiest times for retailers.
According to the National Retail Federation, families with children in elementary school through high school plan to spend an average $696.70, which is up from $684.79 last year. Overall, spending is expected to total $26.2 billion, down from last year’s $27.5 billion despite the increase in per-household spending.
Meanwhile, according to the NRF, families with college students are expected to spend an average $976.78, which is up from last year’s $942.17. All told, their spending is expected to total $54.5 billion, down from last year’s record $55.3 billion.