From the NY Times: For generations, 529 college savings plans were a no-brainer for most parents wanting to start a college fund. They are tax-advantaged and primarily used to pay for higher education expenses... But now, some parents are pumping the brakes on the accounts and rethinking how they plan to save for their children’s future. With growing uncertainty around the value of higher education, and a fear of locking funds into something their child may not use, many of these parents are looking for flexible plans that don’t tie their money exclusively to higher education.
While 65 percent of parents and parents-to-be are saving for their children’s future using a savings account, fewer than a quarter are using a 529 plan, according to data provided by the Harris Poll and Intuit Credit Karma. Among those who have used one, 19 percent have closed their 529 plans early and another 22 percent have considered doing so...
Full story at https://www.nytimes.com/2025/07/26/business/529-parents-saving-college.html.
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