Back-to-school shopping has parents taking on debt and using buy-now-pay-later: ‘We do the best we can to keep afloat’ - MarketWatch
Back-to-school spending averages $875 per family, affecting lower-income households. 30% of parents expect to incur debt for school supplies this year. Funding shortfalls force teachers to spend $500 to $750 of their own money. Temporary child tax credit expansion in 2021 eased financial burdens for some families. Rising costs contribute to overall decline in financial well-being for parents.
View signal analysis