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You aren’t alone in worrying about your child’s education

LiveMint logoLiveMint 22-05-2014 HSBC

There are many important choices to be made as children make their way through their education. According to a report from HSBC, ‘The Value of Education: Springboard for success’, parents in India, when presented with different options for supporting their child financially, said they would ideally allocate 33% of their funds to their child’s education, much more than anything else. Then comes funding their child’s wedding (14%), financial support for starting a business (11%) and long-term investment funds (11%). The study represents the views of 4,592 parents in 15 countries. In the representation here, only the top 7 countries have been shown, along with the average of all 15. The survey was conducted online among parents who have at least one child under the age of 23 currently (or soon to be) in education, and who are solely or partially responsible for making decisions about their child’s education.

Yatish Asthana/Mint

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