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NRF: Back-to-school shopping expected to reach “unparalleled” record high

Back-to-school spending is expected to reach an “unparalleled” $41.5 billion, up from $36.9 billion last year and the previous high of $37.1 billion in 2021. according to the annual survey by the National Retail Federation and Prosper Insights & Analytics.  Back-to-college spending is expected to hit $94 billion, about $20 billion more than last year’s record.