For the purposes of this study, the Millennial generation is defined as ages 35 or younger; Gen Xers as ages 36-51; and Baby Boomer as ages 52-70.
Before investing in any 529 plan, please consider whether your or the designated beneficiary's home state offers its taxpayers benefits that are only available through that state's 529 plan.
How America Saves for College 2016, by Sallie Mae, the nation's saving, planning, and paying for college company, and Ipsos, the world's third-largest market research company, reports the results of 1,959 online interviews with parents of children under age 18 conducted May 26 − June 6, 2016.