Parents with children under the age of 18 are slightly more concerned with college savings than retirement, a survey of 1,110 parents by Vanguard and Upromise Investments shows. Thirty-seven percent said saving for college was their No. 1 concern, and 34% said it was saving for retirement, the Associated Press reports. The third-ranked concern was saving for a house, car or other major purchase.
Among families with children under the age of 12, 64% were saving for college and 30% said that grandparents were helping them, and among families with children between 12 and 17, 59% were saving for college and 25% said that grandparents were helping them.