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Holiday Savings?

By Mary Anne Busse
Managing Director, Great Disclosure LLC
December 7, 2012

During this season of spend, spend, spend, why don't you focus on a crazy alternative -  save, save, save? I know this is advice I could benefit from.  Sometimes the focus on my daughter this time of year turns to obsession and I feel like Arnold Schwarzenegger in Jingle All the Way, desperate to get this year's hottest toy.  My 4 year old changes her letter to Santa every day.  So, why do I race from store to store to get that thing she says she desperately needs when she'll forget about it tomorrow?
 
In our blog post on September 30, we reported on our 2012 Mid-Year 529 Report.  In that report we noted that as of June 30, 2012, assets in 529 plans across the country exceeded $179 billion, an 8.6% increase during the first half of 2012.  Some of that increase, thankfully, represents market return, but some of that increase represents new money contributed to 529 plans. 

High school graduates are more likely to go on to college today than in the past. Sixty-three percent of the year 2000 high school graduates had enrolled in college by the following fall, up from 52 percent of the class of 1970. (US Bureau of Labor Statistics) View All

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