Las Vegas, NV (KXNT) - Electronics are expected to fuel a 2.5% increase in back-to-school spending for K-12 students this year, according to the Retail Association of Nevada (RAN). Overall, Nevadans will spend about $491 million.
Computers, phones, headphones and other gadgets will add up to $117.4 million in spending as K-12 students head back to classes. Electronics will be the largest spending category as Nevadans spend an anticipated $346.3 million this year for K-12 students.
38% of shoppers surveyed said rising prices due to inflation they are forcing them to cut back on spending on other items in favor of things for heading back to school.
The top spending categories:
- $117.4 million: Electronics
- $105.6 million: Clothing and accessories
- $67.4 million: Shoes
- $55.9 million: School supplies
On a national level, families with students in grades K-12 will spend $36.9 billion, based on a recent survey by the National Retail Federation. Average spending per household nationwide is expected to hit $864.35, up from $848.90 last year.