BOSTON--(BUSINESS WIRE)--The National Retail Federation estimates that Americans will spend $656 billion on holiday gifts this year1. Yet Fidelity Investments' Holiday Gifting Snapshot finds that 6 in 10 parents (62%) say that by July, their children will lose interest in gifts received during the holidays. With the cost of college on the rise, and parents on track to save just 29% of their college funding goals2, maybe it's time to consider adding contributions to a child's college savings account to your holiday gift list.
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