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Parents, Back Away From the Piggy Bank!

Who stole the cookie from the cookie jar? It may be mom or dad, according to a study released by ING Direct Monday. The financial institution found that in these tough economic times 18% of parents who have been setting cash aside for their children have tapped into that money to pay off bills and debt. And 34% of parents who have been stashing money away for their kids have reduced contributions to their children’s savings.

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