Back-to-school spending has become a stress test for household finances
Research from the Achieve Center for Consumer Insights indicates that 55% of consumers carry credit card balances to cover essential expenses, with 27% holding those balances for more than six months. The survey found that 66% of consumers struggling to pay monthly bills cited insufficient income to cover spending, highlighting a lack of financial flexibility as back-to-school costs arrive.
Key figures
- Debt unmanageable
- 29%
- Cc balances over 6mo
- 27%
- Cc balances for essentials
- 55%
- Income insufficient for bills
- 66%
- Poor fair financial situation
- 54%
AI analysis
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AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.