#family-expenses

#family-expenses

Parents' holiday spending varies greatly by state, with New Jersey leading at $712 per child.

Inflation is driving up overall holiday expenses to an average of $1,014 per family.

A significant percentage of parents will incur debt for gift purchases this year.

Back-to-school shopping for families is increasingly expensive, often rivaling holiday spending. Creative approaches, like secondhand shopping, are essential for managing costs.