Saving for Children’s Future
Parents of young children have a truckload of financial stresses, not the least of which is finding affordable high-quality child care and pre-kindergarten programs. So it’s not surprising that low-income families are also struggling to save money for future expenditures, such as college tuition. To ask families to do both — pay for their children’s learning experiences when they are 3 and 4 and save up for their learning experiences at age 18 — is asking a lot.
The good news is that there are groups trying to make this easier for parents. Today at the National Press Club, our colleagues here at 国产视频 in the were part of on child development accounts, which are essentially established at birth. Over at , the program’s blog, our colleague Justin King synthesizes of the report. You can read more here about the full report, (Saving for Education, Entrepreneurship and Downpayment), edited by Michael Sherraden and Julia Stevens.