Average amount of American college savings in 2018, by ethnicity and saving vehicles

The statistic shows the average total college savings made by families in the United States through various savings vehicles in 2018, by ethnicity. The average amounts saved by White families for college by means of investments in 2018 amounted to 2,418 U.S. dollars, whereas in Black families this sum amounted to 4,551 U.S. dollars.

Average total college savings of parents in the United States in 2018, by ethnicity and saving vehicles

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Sources

Release date

May 2018

Region

United States

Survey time period

January 18 to February 15, 2018

Number of respondents

2,003 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: 843 White, 138 Black and 237 Hispanic.

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Statistics on "Saving for college in the United States"

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