Toy story: U.S. toy makers looking to expand their...

File Cabinet

September 01, 1996

Toy story: U.S. toy makers looking to expand their business overseas are heading in the right direction. Worldwide sales of toys and games have increased 31 percent during the past five years and will grow an additional 20 percent by the turn of the century, finds Euromonitor, a market research firm. Video games posted the strongest increase, rising 59 percent from 1991 to 1995, while sales of traditional toys such as dolls, action figures and board games increased 21 percent.

College fund: As more and more children of baby boomers are nearing college age, many of their parents are finding that they are not ready for the big expense. A survey by Neuberger & Berman Management, a mutual fund firm, found that eight of 10 parents with children under age 13 do not know or have underestimated how much college will cost. Nearly a third of the parents queried have not started any kind of college savings program.

Pub Date: 9/01/96

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