Back-to-school shoppers may get a recess from inflation
Aug 02, 2024 11:13AM
● By
Robert Spendlove
As families prepare for the 2024-2025 school year, forecasters are penciling in a drop in back-to-school spending. Total K-12 spending is expected to decline from $41.5 billion in 2023 to $38.8 billion this year, with back-to-college spending falling from $94 billion to $86.6 billion, according to the National Retail Federation.
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