Switching from in-person to online schooling has been hard on many families – and on their budgets.
About one-quarter of parents say they’ve gone into debt to pay for their kids’ at-home school expenses, and many blame the cost of their kids’ breakfasts and lunches when they switched to learning remotely from home.
A survey from Credit Karma examines how this school year could affect household finances. More than half of parents say they expect to spend slightly to significantly more on school supplies, the survey of more than 1,000 parents found.
The reasons for the debt are higher grocery