JPMorgan: Parents invest in children's education

Tue, 28 Aug 2007

Parents are investing more money into their children's education at the expense of missing out on their own hobbies, a study by JPMorgan has shown.

The research conducted by the Asset Management branch of the firm has found that just over half (52 per cent) of adults will sacrifice their holidays to pay for private school fees.

Head of sales and marketing for investment trusts at JPMorgan Asset Management James Saunders Wilson comments that many parents feel they have to send their kids to a private school due to a lack of good state education institutes in the local area.

"In doing this they are committing a large chunk of their finances to schooling and are meeting these with dramatic lifestyle changes, many of which are impacting on how they spend their free time," he notes.

JP Morgan Asset Management offer a range of investment trusts to help parents strategically save for their child's future, he adds.

The company supervises and manages assets around the world as well as offering other further features through the Private Bank and Private Client Services divisions of the firm.

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