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Reaching for the kids' savings?

Posted at 12:35 AM on June 11, 2009 by Paul Tosto (0 Comments)
Filed under: Saving & spending

We've all reached into the kids' piggy bank on occasion for some quick change. But in this economy are people having to seriously tap their children's accounts?

Minnesota Public Radio News wants to examine whether adults are reducing contributions or tapping their kids' savings to meet expenses.

We've heard from folks in our Public Insight Network who've told us the value of their kids' college fund has fallen with the stock market and they aren't sure how to build it back up in time.

We started wondering if people are having to cut back on the contributions to those college funds or maybe even draw down a savings account set aside for their kids just to pay bills.

Please click here and help us understand the practical issues of cutting contributions or tapping funds meant for your children.

Also, check out the map below for some recent responses on money issues from the network.

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