Average total college savings of parents in the United States in 2016, by ethnicity and saving vehicles

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Savings vehicleWhiteBlackHispanic

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Description Source More information
The statistic shows the average total college savings made by families in the United States through various savings vehicles, by ethnicity. The average amounts saved by White families for college by means of investments in 2016 amounted to 2014 U.S. dollars, whereas in Black families this sum amounted to 2778 U.S. dollars.
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Release date
September 2016
United States
Survey time period
May 26, 2016, to June 6, 2016.
Number of respondents
1,959 respondents
Age group
18 years and older
Special properties
American parents with children under the age of 18
Method of interview
Online survey
Supplementary notes
The number of people taking part varied by ethnic group: 593 White, 107 Black and 162 Hispanic.

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