Income
As many as one-third of working Americans do not earn enough money to meet their basic needs. These individuals are walking a financial tightrope — they are barely able to get by, with no ability to save for college, a home, or for retirement. With your help, United Way is working to cut in half the number of lower-income families who are financially unstable. If we’re successful, by 2018 1.9 million working families will be on the road to economic independence. Learn More about United Way’s Ambitious 10 year Goals.
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63 percent of U.S. families below the federal poverty line have one or more workers, according to the Census Bureau. (Source: Michelle Conlin and Aaron Bernstein. “Working…and Poor”, Business Week, May 31, 2004)
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What is a 529 College Plan?
A 529 plan is a tax-advantaged savings plan designed to encourage saving for future college costs. 529 plans, legally known as “qualified tuition plans,” are sponsored by states, state agencies, or educational institutions and are authorized by Section 529 of the Internal Revenue Code. There are two types of 529 plans: pre-paid tuition plans and college savings plans.
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