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Back-to-School Shopping: How Much Will You Spend?

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    NEWSLETTERS

    TK
    AP

    It may be summer, but many families have already started back-to-school shopping, according to a new survey.

    The National Retail Federation (NRF) announced Thursday its back-to-school trends for 2013.

    It found 24 percent of families with children in grades K-12 are already shopping.

    The NRF says families with school-aged children will spend an average of about $634 on clothes, shoes, supplies and electronics. That's down almost $54 from last year.

    The NRF reports back-to-school and back-to college spending will reach $72.5 billion this year.