From gambling and pawning possessions to taking out loans, a new survey uncovered the extreme lengths parents go to afford back-to-school supplies.
The survey of 2,000 parents of school-aged children revealed that nearly one in 10 (8%) have gambled in order to have money for their kids’ school supplies.
Others admitted to pawning their belongings (12%), taking out personal or payday loans (15%), selling possessions (16%), accumulating credit card debt (20%), and using buy-now, pay-later options (23%) to buy their kids what they need for the school year.
The survey was conducted by Talker Research on behalf of Beyond Finance to explore the harsh…
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