According to the National Retail Federation’s (NRF) 2014 Back-to-School Survey, conducted by Prosper Insights & Analytics, the average family with children in grades K-12 will spend $669.28 on apparel, shoes, supplies, and electronics. This is up 5 percent from a total spend of $634.78 last year, driven by increased demand for electronic items, as well as parents’ need to restock their children’s school supplies.
NRF broke down spending by grade, and according to the survey, the average family shopping for high school students will spend $682.99, while spending on middle school/junior high comes in a close second at $682.13. Parents with elementary school-age children will spend an average of $580.94. [Read more...]