FOR IMMEDIATE RELEASE July 7, 2024
Contact: Bryan Wachter (775) 771-8969 | Bryan@RANNV.org
Nevada's Back-to-School Spending to Eclipse $525 Million Electronics Continue to Lead in Education-Related Expenditures Nevada families are poised to spend $525.1 million on back-to-school preparations this year, according to the Retail Association of Nevada (RAN). Compared to one year ago, total spending is down 0.5 percent. RAN projects that $369.1 million will be spent on K-12 students, marking a 0.7 percent decrease from last year. Electronics top the spending list at $130.5 million, followed by clothing and accessories at $106.9 million, shoes at $71.9 million and school supplies at $59.8 million. Nationally, families with K-12 students are expected to spend $38.8 billion, with an average of $874.68 per household, down 1.7 percent from last year’s $890.07, according to the National Retail Federation (NRF). For college students, of which there are an estimated 114,000 enrolled in Nevada’s public and private institutions, RAN estimates total back-to-school expenditures of $156.1 million. Electronics again lead the spending at $41.1 million, followed by dorm and apartment furnishings at $22.0 million, clothing and accessories at $19.6 million, and food expenses at $17.1 million. Nationwide, the NRF projects college students’ spending to reach $86.6 billion, with an average of $1,364.75 per household which is down 0.2 percent from one year ago. Clark County and Washoe County schools will start classes on August 12, while Nevada colleges, including the University of Nevada campuses in Reno and Las Vegas and the College of Southern Nevada, begin on August 26. www.RANNV.org
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