The back-to-school shopping money strategy wealthier parents are turning to
A Motley Fool Money survey found 49% of high-income parents expect credit cards to cover most back-to-school spending.
- On Wednesday, July 29, 2026, Motley Fool Money released a survey showing American parents are financing back-to-school shopping through credit cards, with total spending projected to reach $43.3 billion this year.
- Higher-Income families earning $150,000 or more use credit cards primarily for rewards and convenience, while lower-income earners under $50,000 often face financial stress when relying on credit for back-to-school purchases.
- Nearly half of parents name a debit card as their primary payment method this year, while 34% choose credit cards and 5% point to buy now, pay later services for school costs.
- Motley Fool Money personal finance expert Joel O'Leary recommends category rewards cards for supplies and 0% intro APR cards for electronics to avoid interest, provided balances are cleared before promotional periods end.
- Last year, 9% of parents required at least four months to clear credit card charges, signaling potential repayment challenges families should anticipate when entering this year's back-to-school shopping season.
15 Articles
15 Articles
The back-to-school shopping money strategy wealthier parents are turning to - The Mexico Ledger
The back-to-school shopping money strategy wealthier parents are turning toA third of parents will use a credit card as their primary payment method for back-to-school shopping this year, according to a Motley Fool Money survey of 2,000 parents of K-12 students in the U.S. conducted in July 2026.With back-to-school shopping expected to average around $864 per family this year, according to the National Retail Federation, that is a significant ex…
InsideNoVA.com
The back-to-school shopping money strategy wealthier parents are turning to
Motley Fool Money reports one-third of parents plan to use credit cards for back-to-school shopping, with wealthier families preferring credit for rewards, while lower-income families express financial concerns.
The back-to-school shopping money strategy wealthier parents are turning to - Hillsboro Sentry Enterprise
The back-to-school shopping money strategy wealthier parents are turning toA third of parents will use a credit card as their primary payment method for back-to-school shopping this year, according to a Motley Fool Money survey of 2,000 parents of K-12 students in the U.S. conducted in July 2026.With back-to-school shopping expected to average around $864 per family this year, according to the National Retail Federation, that is a significant ex…
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
