Study: Back-to-school, college spending to reach $82.8B

Spending for K-12 and college combined is expected to reach $82.8 billion this year.

That's slightly down from the $83.6 billion spent last year, according to research by the National Retail Federation and Prosper Insights and Analytics.

“With the economy thriving thanks to tax reform and growing consumer confidence, we expect to see a very strong season,” NRF President and CEO Matthew Shay said. “College spending is expected to be at its highest level ever, and back to school will be one of the three highest years on record. Whether shoppers buy now or wait until the last minute, retailers are ready with everything they need for a successful start of the school year.”

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