- Parents are facing significant financial pressure for back-to-school items, with costs rising by 70 per cent to an average of £329 per child.
- The surge in spending is largely driven by "haul culture" on social media platforms like TikTok, influencing children to demand premium and trendy products.
- Over half of parents (56 per cent) feel compelled to spend beyond their means, with popular requests including premium water bottles, designer bags, and new technology.
- Beyond social media, peer pressure and children's desire to fit in are also significant factors contributing to the demand for costly school supplies.
- To manage these escalating expenses, parents are increasingly turning to second-hand shopping, saving throughout the year, and seeking out supermarket deals or local council assistance.
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