The school season officially started a week ago in the Costa and Galapagos regime and has left parents in debt after buying school supplies. At least that’s what the research of the defensodeudores.ec portal shows, which reveals that the fourteenth salary or school allowance was not enough to cover this expenditure, so people were forced to borrow, which can also be reflected in the reduction of liquidity. in the homes of the country for May.

According to the survey, eight out of ten parents in Ecuador spent more than $450 on the Costa regime’s return to school. This group includes parents aged 25 to 55 with up to 3 school-age children (53% have a school-age child).

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Meanwhile, seven out of ten admitted that they did not save to cover these expenses.

The survey was conducted on 100 people through social networks defensadeudores.ec, mostly from Guayaquil. The sample is divided into 70% women and 30% men.

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The measurement showed that 60.8% of expenditures refer to the purchase of books and school supplies, of which 35.3% is covered by credit cards. Of the latter, 33% did so with deferred interest. Meanwhile, 11.8% had to apply for a loan to pay for that purchase, which means that the impact on the family budget will last for several months.

“These are worrying results, since a large percentage of people continue to borrow, even to pay for basic needs such as their children’s education or buying food at the supermarket,” says César Coronel, lawyer and general director of defensadeudores.ec. This is a legal services company with more than 20 years of experience in Chile, providing legal solutions to individuals and companies with debt problems. In Ecuador, it offers face-to-face care in Guayaquil and virtual care for the rest of the country.

Regarding the consequences on liquidity in May, Coronel reminds that this month is one of the months with the highest commercial activity of the year, due to the fact that next Sunday, May 14, Mother’s Day is celebrated.

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Given the complex situation families find themselves in this month – mainly due to the costs of going back to school in April – he recommends taking precautions to avoid getting into trouble with over-indebtedness.

Among the tips are: