Back-to-college spending is expected to reach new heights, with a forecast of over $100 billion. This significant amount is largely committed before students move in, as tuition, housing, and dining contracts are typically set in advance. Food expenses are one area where students have some control, and it's here that financial pressures are being felt.

A similar trend is seen in K-12 spending, which is also on the rise. Further details on these spending forecasts are available, including insights from a recent survey.

The increase in spending is largely driven by rising costs, rather than increased consumer enthusiasm.