Watch CBS News

Back To School Spending: Families Are Expected To Spend More Than $101B On Supplies This Year

(CBS DETROIT) - Back to school spending could actually see a record this year.

According to the National Retail Federation, families are projected to spend more than $101 billion on students, in grades K-12 and college.

Last year's total was $80.7 billion.

With the rise of remote learning, 63 percent of households said they are planning to buy electronics for this school year.

© 2020 CBS Broadcasting Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.

View CBS News In
CBS News App Open
Chrome Safari Continue
Be the first to know
Get browser notifications for breaking news, live events, and exclusive reporting.