NU Online News Service, Aug. 25, 2003, 12:24 p.m. EDT – Only 52% of U.S. parents with children under 18 say they have started saving for their children's college education, according to results of an informal, Web-based survey released by State Farm Mutual Automobile Insurance Company, Bloomington, Ill.
State Farm found that fewer than half of the parents who say they are saving for their children's education are using instruments such as stocks, mutual funds or corporate bonds. The others are sticking with U.S. savings bonds, savings accounts, certificates of deposit or money market accounts, State Farm says.
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