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Back-to-school spending headache: the cost of parenting

Back-to-school spending headache: the cost of parenting

15 Sept 08:28 Key points summarised by AI
  • Parents face significant financial strain during back-to-school season, with total spending estimated at Bt54.972 billion in 2019, a 5.2% increase despite economic challenges.
  • Over 40% of parents lack sufficient savings for their children's education, compelling many to resort to borrowing from diverse sources, including informal lenders and pledging valuables.
  • While low-income families reduce spending and reuse items, middle-class parents prioritize extra-curricular activities and private education, further escalating their financial commitments.
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