Education News – Grace Smith
Almost two-thirds of UK parents surveyed by the British Bankers’ Association (BBA) put money in an account for their children, and around half of the parents who were saving for their kids started the nest egg when their first babies were born, reports The Scotsman…In the US, 74% of parents from 30 to 34 have started putting money aside for college. A new poll found that Millennial parents are significantly more likely than the generation before them to save for their children’s higher education, and a larger number want to be able to pay everything for their children’s college education. Parents may not be able to to do this, however, based on the comparatively small amounts most have been able to stow away so far…”(more)