65% of children entering primary school will ultimately end up working in completely new jobs that don’t yet exist; this caught my eye from a fascinating analytics report. There is so much change ahead.
McCrindle Social Research Agency and Futurity Investment Group research offers further interesting data:
20's
90% who attended Uni have a
HECS-HELP debt in their twenties
30's
72% who attended Uni have a
HECS-HELP debt in their thirties
40's
48% who attended Uni have a
HECS-HELP debt in their forties
This data supports strategies for establishing an education savings plan. The definition of education is quite broad and include university, higher education, TAFE, VET, adult learning and personal development. While expenses associated to education including tuition costs, travel, accommodation, stationary, computer, tools and many more.
Depending on the age of those to educate and source of funds, this will determine which provider and nominations to set up this strategy for the best outcome as you access funds. There is a lotm to consider.
If you would like to consider saving for the education for yourself or someone important to you, speak to a Mulcahy & Co Financial Planner to set this up and ensure you optimise the tax effectiveness available to your situation.
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