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Families spending less on back-to-school purchases, NRF says

Families spending less on back-to-school purchases, NRF says

Another survey on back-to-school shopping is out --- this time showing that parents plan to trim spending this year compared to last. The average family with children in grades K-12 plans to spend $630 on electronics, apparel and other school needs, down from $669 last year, according to a survey by the National Retail Federation, conducted by Prosper Insights & Analytics. Total spending is expected to reach $24.9 billion. The category is growing -- families have spent 42 percent more on back-to-school items over the past decade. When you include those costly college students along with K-12, overall spending balloons to $68 billion, NRF says. The survey came out a day after the...

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