Back-to-school Back-to-school http://www.federatedinvestors.com/static/images/fhi/fed-hermes-logo-amp.png http://www.federatedinvestors.com/daf\images\insights\infographic\backpack-supplies-small.jpg August 20 2021 August 20 2021

Back-to-school

Back-to-school means back to shopping

Published August 20 2021
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Back to school alt text Infographic Published: August 20, 2021. Title: Back-to-school means back to shopping Back to school means back to shopping. $32.5 billion expected back-to-school total. This is 16% increase from 2020. Families on average are expected to spend more for students in kindergarten through 12th grade as costs are up on average for top categories. Electronics: $274 in 2020 versus $296 in 2021. Clothing: $234 in 2020 versus $253 in 2021. Shoes: $148 in 2020 versus $162 in 2021. Families on average are expected to spend more for college students are college students as costs are up for top categories. Electronics: $261 in 2020 versus $306 in 2021. Dorm or apartment furnishings: $129 in 2020 versus $164 in 2021. Clothing: $148 in 2020 versus $159 in 2021. Spending or expected spending for families with college students versus families with kindergarten through 12th grade students. Families with college students spent $68 billion in 2020 versus expected $71 billion in 2021. Families with K-12 students spent: $34 billion in 2020 versus an expected $37 billion in 2021. Apparel sales to jump 78.2% from 2020. Online sales to increase 7.0% from 2020. Information Sources: National Retail Federation, July 2021; Deloitte, July 2021; Spend Management Experts, July 2021.