The second biggest retail event of the year is here – back-to-school spending. K-12 and college spending is expected to reach $68.8 billion a year, the National Retail Federation reported Thursday.
Only the Thanksgiving-Christmas holiday season generates more retail revenue.
Back-to-school spending per family will be flat, according NRF’s 2011 Back-to-School survey.
The average family with K-12 kids will spend $603.63 on school supplies, electronics and clothes, according to the survey.
How much will you spend?