Parents were ‘feeling the pinch’ ahead of back-to-school season, survey finds

Working-age mother and father’ considerations about meals prices have elevated to ranges not seen since autumn 2022, when inflation was in double figures, in keeping with Which?

Almost 9 in 10 (87%) working-age mother and father reported worrying about meals costs within the month to mid-August, a survey discovered.

This was a rise of six proportion factors since Could and indicated working-age mother and father’ considerations about meals costs returned to ranges not seen since November 2022 – a month when annual Shopper Costs Index (CPI) inflation was working at 10.7%.

Which?’s client perception tracker additionally indicated working mother and father’ confidence sooner or later UK financial system and their future and present family funds deteriorated forward of the beginning of the brand new faculty yr.

Throughout all age teams surveyed, 82% had been involved about meals costs. Issues about power had been additionally excessive, at 81%, the buyer group stated.

With winter and better heating payments quick approaching, pressures on family funds are solely prone to enhance, Which? stated.

It added that if individuals are fighting necessities resembling power, bank card or mortgage funds, they need to converse to their supplier instantly to get assist.

Survey analysis for Which?’s client perception tracker is carried out month-to-month by Yonder.

The newest wave of knowledge assortment came about between August 13 and 15, with greater than 2,000 folks surveyed throughout the UK.

Rocio Concha, Which? director of coverage and advocacy, stated: “Our analysis reveals working mother and father are feeling the pinch forward of back-to-school season – with many apprehensive in regards to the financial system, their family funds and the price of on a regular basis necessities.

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“Because the nights attract and the climate will get colder, the additional strain of staying heat and preserving the lights on will add stress to family funds. We’d encourage anybody who’s struggling to hunt free debt recommendation and attain out to their invoice supplier for assist.”