(Atlanta, GA) — Parents are shelling out big bucks for extracurricular activities. A new survey from Suntrust Bank shows 40-percent of American families are paying more than one-thousand-dollars each year on their kids’ after school activities.
At least 20-percent said they spend more than 25-hundred-dollars.
The majority of parents polled said they skip things like eating out to hold down expenses. Others took more extreme steps like not paying off debt or skimping on retirement savings to pay for their kids’ extracurricular activities.