Kansas City, Mo. (April 5, 2004) -- Even if they're not currently saving for a child's college education, the overwhelming majority of Americans surveyed support making the tax-free withdrawal benefit of 529 college savings plans permanent, according to a poll by American Century Investments.
Among the 2,023 people surveyed, 36 percent have children under the age of 18. Eighty-one percent of those with children support extending the tax benefits of withdrawals. But even among those respondents with no children under 18, support stands at 73 percent, ACI reported. And, of the 11 percent of parents currently participating in 529 plans, 92 percent favor making the tax benefits permanent.
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