How Much Will You Spend on Back-to-School Supplies?
The average family is expected to spend $688 this year on school supplies, more if they buy online, according to the National Retail Federation.
The amount families will spend on back-to-school supplies will be 12.3 percent more than last year, or about $688, according to the National Retail Federation's annual back-to-school spending survey.
Those who shop online will spend even more, $874 the survey says.
Do you think $688 is a reasonable amount of money to spend for back-to-school shopping? Leave a comment.
The survey found the average person with children in grades K-12 will spend $246.10 on clothes, $217.88 on electronics, $129.20 on shoes, and $95.44 on school supplies—such as notebooks, pencils and backpacks.
In addition, about six in 10 people said they would invest in some sort of electronic device, according to the survey. This is up from 51.9 percent who planned to buy an electronic device last year.
Is this a sign the economy is improving?