BTS spending expected to exceed $41 billion
WASHINGTON — Consumers are expected to spend record sums this year on back-to-school and back-to-college shopping, according to the annual survey from the National Retail Federation (NRF) and Prosper Insights & Analytics. BTS spending is expected to reach $41.5 billion, up from $36.9 billion last year and the previous high of $37.1 billion in 2021.