Survey: Parents put kids' education over nest egg

Southern Florida Business Journal:

For the first time in three years, more parents are putting their children's education ahead of their own retirement, according to a new survey by Country Financial.

The survey of 1,241 Americans found 61 percent of parents are not letting the recession change their plans for their children's college education. Forty-seven percent said college plans are a higher priority than retirement savings.

Last year, 47 percent of parents favored building their nest eggs over paying.

Men are more likely to put their children's education (50 percent) ahead of their retirement than women (38 percent) .

Posted by Jim Zellmer at May 21, 2009 2:11 AM
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