Back-to-school shopping? Plan to open your wallet - WNEM TV 5

Back-to-school shopping? Plan to open your wallet

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Source: CNN Source: CNN
CNN -

Back-to-school shopping can be one of the most stressful - and expensive - times of the year.

According to the National Retail Federation, families are more confident in the economy this year and will likely spend more money on supplies.

This year, families shopping for kids in elementary through high school will spend in total $29.5 billion.

The overwhelming majority of people will spend money on clothes, shoes, and supplies like backpacks and notebooks.

More than half surveyed said they will buy electronics this year, such as computers or calculators.

Students have a say in what they are going to bring back to their classrooms, too, with 65 percent of parents buying what their kid wants.

However, it's not just the parents footing the bill. Teens said they are willing to contribute nearly $40 for the supplies they want.

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