College savings behaviors in the U.S. 2020

Published by
Fernando de Querol Cumbrera,
Feb 8, 2023
According to a survey conducted among parents in the United States in 2020, 78 percent of respondents declared that they started saving for their children's college education and 60 percent had a plan to reach their goals regarding savings towards college. Also, one in two respondents admitted that they owned a 529 college savings account.

College savings behavior among parents in the United States in 2020

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Release date

September 2020

Region

United States

Survey time period

June 5 to July 2, 2020

Number of respondents

1,790 respondents

Special properties

families with children 18 years old and younger who are expected to attend college and annual household income of at least 30,000 U.S. dollars.

Method of interview

Online survey

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Statistics on " Saving for college in the United States "

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Overview

7

Savings behavior

5

Demographics

5

529 savings plans

5

Confidence in saving

3

Further related statistics

12

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Topics

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