As we enter the week of the new term in 2022, parents are worried about the rising cost of living. Affects children’s purchasing power and spending on education.
According to the survey, 70.8% of parents are concerned and have financial liquidity problems when spending on education. But with education is necessary for children. Parents in liquidity problems need to incur debt to pay.
and because this year It’s a full course. Students can go back to school again. This has resulted in increased expenses for education such as school uniforms, travel expenses, activity expenses, etc.
The Kasikorn Research Center estimates that the value of spending on education for children of parents in Bangkok and surrounding areas during the opening of the big semester of 2022, this may increase by 2.0% compared to the survey results in the same period last year. or worth about 26,900 million baht
School starts in 2022, parents spend on their children’s education, an increase of 2.0%, or an estimated value of 26,900 million baht.
from the relaxed covid situation enabling students to return to school as usual (On-Site), which will begin to gradually open on 17 May 2022 and during this time every year Parents with school-age children will be liable for educational expenses.
But since the beginning of the year 2022, the price of many types of products and energy has accelerated. while employment and household income remained weak. This can affect the spending abilities of some parents who are more susceptible to these factors.
Kasikorn Research Center A survey was conducted on the impact and adjustment of spending on education for the 2022 opening term of parents with school-age children. (Kindergarten to high school level) amid rising cost of living from a sample of 500 people in Bangkok and its vicinities
In addition, the things parents are most worried about are: The problem of rising prices of goods and energy Affects children’s purchasing power and spending on education. and the results of the survey reflect that
Over 70.8% of parents expressed concern/difficulty about financial liquidity in their children’s education spending in the 2022 semester. Some parents still face many problems.
Whether it is a problem that you or your family members are unable to find a job Working hours have not returned to normal. Declining business sales have obligations to pay off the loan They also have to face a higher cost of living. by parents who are concerned or have liquidity problems Most of them are still low-middle income groups. and is a group that is burdened with more than one loan installment or loans from other sources
In addition, what parents are worried about, followed by the issue of coronavirus, although some students are currently vaccinated. (School age 5-11 years receive 2 doses, accounting for approximately 15.5% of students of that age, and aged 12-17 years receive 2 doses, accounting for approximately 75.5% of students of that age. (Information of the NESDB as of 7 May 65)
But parents are still concerned about the epidemic situation as the daily number of new infections is still high. and the results of the survey reflect that 56.8% of parents are still unconvinced when their child has to go back to full-time school because it is seen that covid is easily contagious and may be harmful to your child’s health
However, 43.2% of parents are confident their children will return to school. (Most are parents with children aged 10 years and over) because their children are vaccinated and see that schools have good measures to watch for outbreaks in schools.
for the source of money used by parents to pay for their children’s education Most of them come from savings. And from other sources of money such as credit cards, borrowing from relatives/friends, etc., accounted for 41.8%, followed by parents using all their savings, accounting for 30.4% of all respondents.
But some parents, who don’t have enough savings to pay for school fees and buy school supplies, school uniforms and more, are dependent on other sources of money, 27.8% of all respondents, such as borrowing. Relatives / friends use loans from financial institutions such as credit cards and cash cards. Some parents have pawnshops, informal loans, and some parents choose to request installments or waiver from the school.
and in such a situation Over 82.6% of the sample group said that during this time The authorities should have measures to help alleviate the burden of education costs. or other aspects such as subsidy measures for expenses and tuition fees Personal income tax deduction measures for purchases of educational goods or measures to help the expenses to buy ATK, test for covids, etc.
The value of spending on education for children during the big school term 2022 could increase by 2.0% from the same period last year. It comes from going back to school (On-Site), causing parents to pay for clothes. Educational equipment and other expenses increase.
Kasikorn Research Center estimates that the value of children’s education spending of parents in Bangkok and its vicinity during the first semester of 2022 may be approximately 26.9 billion baht, an increase of approximately 2.0% compared to the survey results in the period. same year But spending is still lower than during the 2020 survey. The increase in expenses this year was due to specific factors:
Tuition fees and fees (calculated for public and private schools excluding international schools) with a slight increase of about 0.7% on average.
From the survey results last year or worth 22.7 billion baht, but still lower than the survey results in 2020 (worth about 22,965 million baht). Because in this academic year 2022, the school is fully open. make part of the fee Service fees and activities back to store at normal rate (in the past academic year 2021)
Due to the coronavirus pandemic, most of the time students study online. and to alleviate the burden of parents causing the school to suspend/reduce fees Services and activities where students do not use the service) and some private schools have slightly increased their prices. due to the cost of doing business such as personnel wages or increased utility bills
But for private school tuition fees, the survey found that the tuition fee increase is still limited. And it is specific depending on the student group of each school. And this year, most of the private schools are still pegging their tuition fees. And some places also offer a discount on tuition fees. to help lighten the burden of parents
For educational expenses such as the cost of purchasing school supplies, school uniforms, shoes, as well as other expenses such as snack/food expenses, travel expenses, etc., also increased. Although this year For some products, such as school uniforms, entrepreneurs still do not raise prices.
At the same time, entrepreneurs There is a special promotion for school uniforms and school supplies. But since the new semester starts in 2022, students can go back to school as usual. Therefore, there must be more purchases of certain types of goods, such as school uniforms or activity clothes, etc.
It is also a result of the price of some products that have been raised earlier. In addition to this year, the government There are no measures to help parents like last year.
for the cost of tutoring and skills enhancement Even students can go back to school But there are still concerns about covid factors. In addition to the issue of purchasing power, the expenses in this segment have not increased much.
Some parents choose to reduce their coursework. while some groups temporarily suspend special education When the covid situation and the economy improve, parents will likely have their children go back to tutoring and improving skills.
However, the value of spending on education of parents in Bangkok and its vicinity during the beginning of this year’s semester has increased above. It may not reflect that the related business has a good direction. But it was a result of comparison with the low base in the previous 1-2 years that was heavily affected by the coronavirus pandemic. including the effect of price and cost of living
While parents are required to allocate this cost to their children’s education. which may consider choosing to reduce or save other daily expenses along with finding other sources of income to replace
