A new study by the National Retail Federation reveals that this year's back-to-school spending is expected to hit a record high of $43.3 billion, despite product prices surging. Other findings:
- 64% of parents expect to see higher prices when school shopping
- 46% of parents are still waiting for the right back-to-school shopping deals
- 38% of parents don't know what supplies their kids need for school yet
- 26% of parents start shopping at least two months before school starts
- 44% of parents start their shopping within a month of school starting