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529 college savings average account balance in the U.S. 2016-2021

Published by Statista Research Department, Feb 8, 2023
The average balance of 529 savings accounts in the United States increased significantly between 2017 and 2021. In the latter year, it reached a value of over 30,000 U.S. dollars.

A 529 savings plan is a tax-advantaged savings account designed to encourage households to save for future higher education expenses.

Average balance of 529 college savings accounts in the United States from 2016 to 2021 (in U.S. dollars)

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Release date

2022

Region

United States

Survey time period

2016 to 2021

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Statistics on " Saving for college in the United States "

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Statistics on Saving for college in the United States

Overview

7

Savings behavior

5

Demographics

5

529 savings plans

5

Confidence in saving

3

Further related statistics

16

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Topics

Saving for college in the U.S.College & UniversityUnemployment in the United StatesPersonal debt in the U.S.Funding university in the U.S.
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