Should We Switch to a 529 Plan?
Jill on Money with Jill Schlesinger
Audacy
4.6 • 1.9K Ratings
🗓️ 8 January 2022
⏱️ 11 minutes
🧾️ Download transcript
Summary
We're saving for college but not using a 529 plan. Should we be?
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"Jill on Money" theme music is by Joel Goodman, www.joelgoodman.com.
Transcript
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| 0:33.9 | Welcome to the Jill on Money Show. It is Saturday, January 8th. |
| 0:39.4 | And as I warned that if there was something strange in the jobs report, |
| 0:44.1 | I would give you a little headline and explanation. |
| 0:47.4 | So here's what we know. 199,000 jobs were created in December. |
| 0:52.9 | And that's about half of what was expected by economists. |
| 0:57.0 | The unemployment rate dropped down to 3.9%, and that is a pandemic low. |
| 1:03.2 | Closing in on that 3.5%, we saw back in February of 2020, which was a 50-year low. |
| 1:09.6 | All right, so what gives here? |
| 1:11.4 | Well, you know, there are two surveys that the government uses to report on jobs every month. |
| 1:17.7 | One is called the Establishment or the Payroll Survey. |
| 1:20.8 | And that one asks employers, hey, how many jobs did you fill during the month? |
| 1:24.5 | How much did you have to pay people? How many hours worked? |
| 1:27.5 | The household survey asks respondents whether they were working or actively seeking employment, |
| 1:32.9 | and also some demographic information. |
| 1:35.5 | So 199,000 jobs were created in December according to the employers. |
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