As families prepare for the 2026 academic year, 1Life Insurance’s annual Back-to-School Survey reveals that stress and financial pressures remain a major concern for parents, despite encouraging signs of progress in budgeting. An overwhelming 95% of respondents admitted that back-to-school preparations were stressful, highlighting the emotional toll this period continues to take on households.
The survey further revealed that 80% of families experience financial setbacks during back-to-school preparations, forcing compromises that hinder their journey toward generational wealth building. Encouragingly, this marks a slight improvement compared to last year’s 88%. School uniforms and school fees continue to emerge as the most expensive items for 62% of respondents – down from 75% in the 2025 survey, stationery at 28% of responses and 9% citing extramural activities, transport, food – with the remaining 1% indicating that these costs were not concerning to them.
According to the survey data, rising costs for essentials such as transport, food, and stationery meant that 70% of families spent more in the 2025 academic year compared to the previous year. Yet despite these challenges, the survey reveals encouraging signs of progress.
Signs of resilience and adaptation amid economic pressures
Despite these challenges, the year-on-year decrease in financial strain signifies positive progress. Nearly a third of respondents (28%) reported improvements in their budgeting compared to the previous year, and 45% expressed confidence in their ability to afford their children’s education over the next two years reflecting growing optimism despite economic pressures.
Notably, 37% of respondents compare prices when shopping for stationery and other school essentials, 21% reuse supplies from the previous year, and 17% use their bonuses to cover back-to-school costs, while 15% stock up on school suppliers gradually throughout the year and with the remaining 10% using their savings and monthly earnings. These findings further highlight the proactive measures families are taking to navigate rising living expenses.
“Although, the back-to-school season remains a financial and emotional hurdle for many families, this year’s survey data shows encouraging signs of resilience. Parents are finding creative ways to manage costs and prioritise education, even in the face of rising living expenses. This adaptability is a testament to their commitment to their children’s future,” notes Hayley Parry, Money Coach and Facilitator at 1Life’s Truth About Money.
Parry also adds some key considerations for parents as they continue the education journey with their children. “Sending children to school comes with costs that many families feel deeply, even when no-fee schools and bursaries are available. This is why it’s important for parents and caregivers to plan their money carefully throughout the year. By understanding household expenses, knowing what is truly affordable, and asking for financial support where it is available, families can avoid unnecessary debt and stress. Planning ahead — including applying to schools on time — helps ensure children are placed in schools that families can realistically afford, without putting pressure on already limited household budgets.”
While the survey highlights ongoing challenges, especially for sole breadwinners, it also reveals the resilience and optimism of parents who are adapting, prioritising, and finding better ways to manage despite financial strain.
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