KEY TAKEAWAYS
- Six in 10 parents say they have gone into debt to pay for their child’s needs, and half say their debt is becoming unmanageable.
- As the cost of living increases, parents are having a harder time buying back-to-school supplies and paying for medical for their childrens’ care.
- Debt is stressing parents out and making them more likely to skip meals and neglect their wellness.
Parents are going into debt to support their children, and it’s harming their mental and physical health.
Six in 10 parents recently surveyed by National Debt Relief, a debt settlement organization, said they have gone into debt to provide for their children. Nearly half of these parents say their debt is becoming unmanageable, and more than eight in…