Do the math, consumers are spending less on back-to-school



According to the annual Myvesta Back-to-School Survey conducted by Myvesta.org, a nonprofit financial management organization, Americans plan to spend $960 less this year on back-to-school purchases.
These results continue the downward trend seen over the last three years. The average shopper plans to spend $3,184 this year, down 23 percent from $4,144 in 2002, 36.5 percent from $5,033 in 2001 and 41 percent from $5,423 in 2000. Almost 43 percent of those polled plan on spending under...

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