Families plan to trim back on their back-to-school spending this year after splurging in 2014.
That’s according to the latest survey by the National Retail Federation which found the average family with children in grades K through 12 plans to spend $630.36 on supplies for back-to-school, including backpacks, folders, electronics, apparel and other school needs. That’s about $39 less than last year.
A recent survey by the International Council of Shopping Centers had different results.
It found 67-percent of consumers plan to spend more this year on back-to-school items than last year.