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Few Families Use Education Savings Accounts

December 13, 2012
 

Relatively few American families used tax-favored education accounts to save money for college, and those who did disproportionately had higher incomes, the Government Accountability Office said in a report issued Wednesday. The GAO report found that just 3 percent of families had funds in 529 or Coverdell Education Savings Accounts in 2010.

 
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