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College students are getting ready to go back to school. National reports say they're more likely to spend their cash on new electronics rather than clothing and apartment furnishings.
Some local college students we spoke with agree.
"IPods, laptops. I never buy clothing unless I need it," said one man.
A woman said, "Electronics. Cell phone, laptop, all that good stuff."
The National Retail Federation says collectively, college students will spend somewhere around $11 billion on electronics this back-to-school season. MarketWatch reports that the students say they plan to spend about $212 on electronics. That's an 18 percent drop from last year.
Parents of high school and junior high students are expected to spend around $5 billion on electronics. They will continue to spend more on clothes than electronics, but the percentage increase of what they'll spend on electronics is greater. Parents say they plan to spend about $152 on electronics, up almost 18 percent from last year.
Back-to-school spending is expected to decrease because of the economy. MarketWatch reports back-to-school is the second-most important "holiday" shopping season of the year.
E-mail: rjeppesen@ksl.com
