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So, why shouldn't the same format be used to encourage saving for education?
"They value education so much so they have been saving for education, and they're willing to invest in education.
And our plan, our tax relief plan, helps families at the most important moments -- when they are getting married or having children or saving for education, buying a home or planning for retirement.
I wanted to get involved to bring a higher consciousness to people about saving for education, especially during National College Savings Month.
Whether it's saving for education or investing for a retirement where you can spoil the grandkids, explore what's most important to you and structure your goals around that.
Other top obstacles to retirement saving include covering basic monthly bills (31%), paying off credit card debt (24%) and saving for education (22%).
Similar(52)
The provision would enable an embryo or a fetus ― defined by the proposed legislation as "an unborn child" ― to be named as a beneficiary to a 529 college savings account, a tax-advantaged way parents can invest money to save for education costs.
The Asian component of the survey released last week, for which MasterCard polled 7,678 consumers in 16 countries and territories, found that the portion of household income saved for education tended to correlate with a country's developmental status.
We believe the right technology combined with the right people can help achieve the shared vision of enabling billions of people to invest in their small business, save for education, improve their living conditions and solve the challenges of their communities".
Saving for their education is, for us, as much of an emotional investment as a financial one.
Equating consumer spending with well-being, however, ignores elements of long-term well-being like investing for retirement, saving for college education, or building wealth through home ownership.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com