More adult Americans give higher priority to saving for retirement than to saving for a child's college education, new research reveals.
Country Financial of Bloomington, Ill., published this finding in a summary of results from a national telephone and online survey of 3,000 Americans. The data was compiled by Rasmussen Reports LLC, an independent research firm.
When asked to prioritize savings objectives, nearly half (45 percent) of the respondents polled by Rasmussen gave greater priority to saving for retirement than to saving for a child's college education (38 percent). The result, the report indicates, can be attributed in part to a steady decline in the number of Americans who value a college education.
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