The Back-to-School Parent Trap: New Beyond Finance Survey Finds Parents Going Into Debt So Their Kids Don’t Feel Left Out

Seven in 10 parents feel pressure to keep up with other families, with nearly 40% expecting to take on debt, 15% using personal or payday loans, and 8% admitting they’ve gambled to cover back-to-school costs. More than half of parents (58%) say back-to-school shopping is more stressful than the holidays