Back to school spending is up - Fox 28: South Bend, Elkhart IN News, Weather, Sports

Back to school spending is up

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Back to school spending is up from last year.

Surveys say parents are spending more money on clothing, electronics and school supplies.

Consumers will spend $688 this year compared to $603 last year.

"July retail sales went up this past summer so maybe consumers are wanting to spend a little bit more," said Saint Mary's College Economics Professor Richard Measell.

Some consumers wait to buy stuff to see what the hot item is.

Retailers use this buying period as a gauge for Christmas shopping.

 

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