The following is excerpted from an online article posted by StudyFinds
A new Talker Research survey finds that six in 10 American parents have taken on debt to provide for their children, as soaring living costs push family budgets to the limit. Nearly half (48%) of these parents say their debt has become “unmanageable.”
The study of 2,000 parents, commissioned by National Debt Relief, paints a troubling picture of financial strain that goes far beyond simple budgeting challenges. Among parents carrying debt, 63% say their finances are holding them back from providing for their children the way they’d like, a rate higher than the 48% of parents without debt who feel the same.
Source: StudyFinds
https://studyfinds.org/parents-taking-on-debt-to-cover-child-expenses/