In early 2023, 85.6% of parents reported being worried about the cost-of-living crisis, and, as a consequence, they cut back on energy, food, gas and electricity. While parents recognised the many benefits of reading for their children's learning and well-being, household budgets were under pressure: 1 in 5 (20.0%) were buying fewer books for their children, especially those families who were struggling financially as a result of the cost-of-living crisis. The cost-of-living crisis is affecting household finances across income brackets, with many parents and carers struggling financially under the current circumstances. This report explores the impact of cost-of-living pressures on children and young people's access to reading resources and support at home.