A study by Massachusetts Mutual Life Insurance Company (MassMutual) has found Indian Americans save much of their income for their children’s college education, reports the Business Standard.
Researchers found Indian Americans make college education such a priority they 25 percent struggle between saving for retirement and college.
“With the current cost of a college education, it can be challenging for parents to provide for several children’s education and still be left with a surplus for their own future,” said Nimesh Trivedi, director of multicultural market support, US Insurance Group at MassMutual.
You can read more about these study results including evidence that Indian Americans put family first in the Business Standard..
