Millennials, burdened with their own student debt, are aiming to pay their own children’s way through higher education. A new survey from Fidelity Investments found that 74% of Millennial parents report they are saving for their kids’ college, and 46% say they plan to cover the full cost, compared to 35% of those surveyed overall. But their efforts might not pay off: they’re going to need to save more for retirement and the cost of college shows no sign of slowing. (Forbes)
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