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Most parents fall into debt for their children: Survey
['Stephanie Weaver']
Latest News | FOX 10
The Brief The survey found that 63% of parents in debt said their finances limit their ability to provide for their kids, with nearly half calling their debt "unmanageable."
Single parents face greater strain, with 60% saying they struggled to provide for their kids and over half reporting unmanageable debt.
The survey from National Debt Relief, and conducted by Talker Research, surveyed 2,000 parents of children aged 0-18 last month.
Majority of parents in debt for their childrenBy the numbers:The survey found that 63% of parents in debt admitted that their financial situation was preventing them from providing for their children the way they would like – significantly more than the 48% of parents without debt who felt the same way.
For parents in debt (77% of those surveyed), half (48%) said their debt was becoming "unmanageable."
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