A poll commissioned by
Currently, only 25% of parents use 529 plans, the poll showed. A majority, 52%, use bank savings accounts and 29% use U.S. savings bonds.
Among those who already have a 529 account, more than one third plan to increase their contributions.
However, the poll found that 70% of parents said high living expenses impede their ability to save for their children’s college education, and although 89% expect to at least help pay for college, 44% have not started to save.
The poll, conducted by