You don’t have to go to school to do math. You could make up some interesting equations using the amounts of money Americans spend on back-to-school supplies. According to an annual survey from the National Retail Federation, total spending on school supplies is expected to reach $75.8 billion this year. Last year, it was $68 million. That’s a percentage increase of … uh … well … maybe you do have to go to school to do math.
Anyway, what consumers spend on school supplies is high. Parents will drop an average of $674 on school supplies this year, up from $630 last year.
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