Martyn James on back to school costs

Four in ten (39%) parents don’t know how they will afford back-to-school supplies such as uniforms or stationery this September as household finances become increasingly stretched after the expensive summer holiday period.

The research commissioned by responsible lender Creditspring showed that to afford these costs after the summer holidays, many parents will be forced to borrow – nearly four in ten (37%) parents say they expect spending on back-to-school supplies will put them into debt.

Four in ten (39%) parents say they will be reliant on credit products to buy back-to-school supplies – a fifth (20%) will be forced to turn to credit cards for back-to-school purchases.

Aston spoke to finance expert Martyn James & Neil Kadagathur, CEO of Creditspring.

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