Consider the gift of education this Christmas season, as a new Fidelity survey saw an increase in parents welcoming a contribution to their child's college savings fund.
Fidelity Investments Director of 529 College Savings Cory Latham sits down with Brad Smith on Wealth to talk more about this trend and breaks down the basics of a 529 account.
"What we found is there's some generational differences as well... Especially around the holidays, that sandwich generation, those that are both caring for a child as well as an aging loved one as well, they're the highest likelihood who would want to have a contribution to a college savings account as opposed to a traditional gift," Latham states.
To watch more expert insights and analysis on the latest market action, check out more Wealth here.
This post was written by Luke Carberry Mogan.