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Six in 10 American Parents are Going into Debt for Their Children

Summary by WFMZ
National Debt Relief survey shows parents at a financial breaking point as debt and costs surge

4 Articles

School expenses, holidays and health care are the main triggers for new debts

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(Photo by Mikhail Nilov via Pexels) The rising cost of living has left six in ten American parents in debt just to support their children. According to a new survey of 2,000 parents with children ages 0-18 by National Debt Relief and Talker Research, 63% say their financial situation is preventing them from giving their children the life they want, compared to 48% of parents without debt. For 48% of parents with debt, that debt has become “unman…

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Talker broke the news in on Thursday, August 14, 2025.
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