What parents cut back on while borrowing for their children
19%
19% cut back on meals or groceries while borrowing for their children — the most common answer.
n = 3,062 Americans who borrow for everyday expenses · Fielded September 2026 · Cherry Data Signals
Breakdown
meals or groceries19%
clothing or shoes15%
haircuts or personal care12%
social activities11%
medical or dental care8%
0%50%100%
Methodology
- Sample
- 3,062
- Population
- Americans who borrow for everyday expenses
- Country
- United States
- Fielded
- September 2026
- Research by
- Cherry Data Signals
- Study
- What Americans Borrow Money For
Cite this statistic
Cherry Data Signals (September 2026). "What parents cut back on while borrowing for their children" Survey of 3,062 Americans who borrow for everyday expenses, United States. https://cherrysignals.com/statistics/what-parents-cut-back-on-while-borrowing-for-their-children
Free to reproduce with attribution to Cherry Data Signals and a link to this page.
Related statistics
- Borrowed for groceries while still repaying an earlier grocery loan42%
- Necessities respondents borrowed for#1
- What people borrow for42%
- How long people take to repay a borrowed restaurant meal20%
- Not borrowed for restaurant meals, takeout or delivery42%
- The states where groceries top borrowing43 states
- The states where fast food tops small-item borrowing18 states
- The states where toilet paper tops small-item borrowing18 states
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