Nearly Half Of Parents Expect To Go Into Debt Over School Supplies This Year

"44% of parents expect to go into credit card debt due to back-to-school shopping, up from 34% in 2024. Additionally, 54% plan to sacrifice necessities for school supplies."

"60% of parents cite an increase in living costs as a reason for shopping anxiety, while 67% feel schools are transferring more expenses onto families."

"Half of parents reported their children are asking for trending nonessential items, complicating budgeting as these products are often brand-name and overpriced."

"69% of parents will shop at dollar stores for supplies instead of their usual retailers, and 45% will forego after-school programs due to costs."

A survey reveals that 44% of American parents anticipate credit card debt from back-to-school shopping, an increase from the previous year. 54% plan to sacrifice basic necessities like groceries to afford school supplies. Rising living costs affect 60% of parents, while 67% attribute their stress to additional expenses from schools. Children also request trending, expensive nonessential items. In response, 69% will shop at dollar stores and 45% will skip extracurricular activities due to financial strain, with 44% relying on buy now, pay later service options.

Read at Scary Mommy