College-Savings Imbalance: Parents Put Aside More for Sons Than Daughters
Dec. 28, 2017
Some girls may still be getting shortchanged when it comes to college savings.
Results from two financial-industry polls this year indicate that parents are saving more for boys than for girls for higher education. These findings suggest that a gender divide -- identified several decades ago in academic research -- persists today in some cases.
"We certainly see in society more broadly there are gaps between incomes of men and women," says Roger Young, a senior financial planner at mutual-fund company T. Rowe Price, who was involved in analyzing and interpreting one of the recent reports. "That might be factoring into their thoughts on how much they are willing to spend on college," he says.
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