Back-to-School Spending Set to Break Records

The National Retail Federation says back-to-school shopping will break records again this year, according to Forbes Advisor, at least in part due to price inflation. K–12 spending is expected to average $890 per student, up from $864 in 2022, and college students are expected to spend $1,367 each, surpassing last year’s $1,199. Fortunately for shoppers, several states are holding tax holidays during back-to-school season. If your state isn’t among them, big-box stores such as Target, Walmart and Sam’s Club are marking down essentials, and Amazon is offering 20% off school supplies. #BackToSchool