Some states are providing gross sales tax breaks for patrons in 2022

The financial system could also be cooling off, however retailers count on back-to-school buying to stay engaging. Regardless of the pandemic, back-to-school spending has been on the rise.

In line with the Nationwide Retail Federation’s annual survey, households with youngsters in elementary by way of highschool have been anticipated to spend $37.1 billion final yr, up from $33.9 billion in 2020. That marks a report for the reason that survey, which measures how American households purchase garments, provides and different gadgets for the upcoming college yr, started in 2003.

What do you think?