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Bob Carey
Chief Market Strategist
Brian Wesbury
Chief Economist
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Factoid of the Day Friday, July 22, 2016
The National Retail Federation estimates that back-to-school spending for K-12 and college students will total $75.8 billion this season, up 11.5% from $68.0 billion last year, according to its own release. Families with children in grades K-12 plan to spend an average of $673.57, up from $630.36 last year. Total spending on K-12 students is expected to be $27.3 billion. College students and families with children in college plan to spend an average of $888.71, down slightly from $899.18 last year. Total spending on college students is expected to be $48.5 billion. In 2016, 17 states are hosting sales tax holidays for back-to-school shopping, according to Kiplinger.
Brian Wesbury - Economic Video Commentary
Will the Yield Curve Invert?

First Trust RiverFront Dynamic Emerging Markets ETF (RFEM)
Exchange Listing Date: June 15, 2016
 • Investor Guide  • Press Release  • Fund Information

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