Sixty percent of parents have saved money to help put their child through college, and those who are doing so project they are on pace to save a little more than $48,000, on average, by the time their kid turns 18 according to a new national study released by Gallup and Sallie Mae.
Wow. Does anyone else feel like they?re falling a bit behind the curve?
The report also indicates nearly a quarter (24 percent) of parents who are saving to put their child through college are risking their own financial future by using retirement accounts.