According to the National Retail Federation’s annual survey
Retailers should get a bigger boost from back-to-school shoppers this year, as a longer list of school supplies and larger demand for electronics are expected to drive spending higher during the second-biggest selling season of the year. CNBC.com
Total spending on BtS for 2014: $75 billion, up 3% from last year
- Per family (K-12): $669 total, up 5%
- School supplies: $101 per kid, up 12%
- Number of items on school supply list: 18, up 30%
- Spending on electronics: $212, up 7%
- Per college student: $916, up 10%
I guess the takeaway here is that in every example, BtS spending will go up. Great for the economy, but not so great for your individual wallet!
So what can you do about it? Surf the web for savings tips!
- AP: 5 tips for sensible BtS spending
- CBS: BtS Shopping: 7 Tips To Help You Save
- MarketWatch: Best and worst stores for BtS deals
- USA Today: The new BtS – Deeper discounts, longer sales
- US News: 10 More Ways to Save on BtS Gear
- Parenting: 10 BtS Shopping Tips that Save Money
Any savings tips to share? Let us know over at the MindField Online Facebook Page!