44% of parents saving for their child’s future

FOUR out of 10 parents are already saving for their children’s futures — and they will need to, due to climbing inflation, it was claimed yesterday.

With a projected annual inflation rate of 3.8%, it has been estimated that four years of third level education could cost an average of €43,561 — some €13,000 more than it does at present.

Similarly, an MP3 player could cost €289 in 2017 compared with today’s price of €199, while a laptop will cost €1,523 compared with €1,049.