Saturday, May 12, 2007

For Some, College Is the Biggest Worry

When it comes to money, what worries you the most? When Gallup asked Americans this question, retirement ranked number one. Fifty-six percent of the public is "very" or "moderately" worried about not having enough money for retirement.

Financial concerns vary by lifestage, however. The number-one financial concern of parents with children under age 18 is not having enough money to pay for their children's college expenses. Fully 68 percent of parents say they are very or moderately worried about college costs. Unlike every other financial concern, the percentage who worry about college costs does not decline as household income rises.

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