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Stacks of coins and coin jar More than half of newly opened 529 accounts started when beneficiaries are age 5 or even younger. (Photo: Shutterstock)

In its annual savings trends report Inside America’s Savings Plans, Ascensus finds that saving behavior is starting younger—with retirement savers ages 25–34 most likely to be on track to meet their retirement goals. In addition, saving for others is beginning earlier, with more than half of newly opened 529 accounts started when beneficiaries are age 5 or even younger.

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Marlene Satter

Marlene Y. Satter has worked in and written about the financial industry for decades.

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