88% of parents had to cut back on essential expenses to cover back-to-school expenses – survey
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Many parents are battling to afford back-to-school expenses and resort to skipping paying their medical aid and insurance premiums. Back-to-school has become a stressful time for parents all over South Africa due to the high cost of living.
According to a survey 1Life Insurance conducted in December 2023 among 1 983 South Africans, 88% of parents will have to cut back on essential monthly expenses such as food and transport to cover back-to-school expenses. The survey shows that over 36% of parents are most worried about the cost of school fees, which comes as no shock if you consider the steep cost of quality education. Additionally, the second largest concern is school uniforms (31%) and as a close third, the cost of stationery (29%)
Many parents are battling to afford back-to-school expenses and resort to skipping paying their medical aid and insurance premiums. Back-to-school has become a stressful time for parents all over South Africa due to the high cost of living.
According to a survey 1Life Insurance conducted in December 2023 among 1 983 South Africans, 88% of parents will have to cut back on essential monthly expenses such as food and transport to cover back-to-school expenses. The survey shows that over 36% of parents are most worried about the cost of school fees, which comes as no shock if you consider the steep cost of quality education. Additionally, the second largest concern is school uniforms (31%) and as a close third, the cost of stationery (29%)
