Back to school season is a particularly expensive one, with spending on school supplies for K-12 students expected to hit the $43 billion range. According to Chicago-based Deloitte, parents plan to spend an average of $557 per child.
Illinois parents are set to shell out even more, $794 per child.
With inflation, rising costs from factors including tariffs imposed by the Trump Administration, and general economic pressures, some parents are taking drastic measures to be able to afford school supplies.
Dr. Ericka Rasure from Beyond Finance joined CBS News Chicago Friday morning to talk about research her company did recently showing that parents are going to into debt and engaging in risky…