As of 2020, nearly one in three parents and guardians of children aged 0 to 17 in Canada declared that they were not saving for their children's postsecondary studies. The most common reason for not saving was the lack of resource, indicated by 54 percent of parents and guardians that were not saving for this purpose. Another 24 percent of respondets said that their children will pay when the time comes.
Main reasons why parents did not save for their children's postsecondary education in Canada in 2020
Adapted from Statistics Canada, 150.statcan.gc.ca, February 4 to June 20, 2020. This does not constitute an endorsement by Statistics Canada of this product.
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StatCan. (September 24, 2020). Main reasons why parents did not save for their children's postsecondary education in Canada in 2020 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1220003/reasons-for-not-saving-for-postsecondary-studies-canada/
StatCan. "Main reasons why parents did not save for their children's postsecondary education in Canada in 2020." Chart. September 24, 2020. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1220003/reasons-for-not-saving-for-postsecondary-studies-canada/
StatCan. (2020). Main reasons why parents did not save for their children's postsecondary education in Canada in 2020. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1220003/reasons-for-not-saving-for-postsecondary-studies-canada/
StatCan. "Main Reasons Why Parents Did Not save for Their Children's Postsecondary Education in Canada in 2020." Statista, Statista Inc., 24 Sep 2020, https://www.statista.com/statistics/1220003/reasons-for-not-saving-for-postsecondary-studies-canada/
StatCan, Main reasons why parents did not save for their children's postsecondary education in Canada in 2020 Statista, https://www.statista.com/statistics/1220003/reasons-for-not-saving-for-postsecondary-studies-canada/ (last visited November 21, 2024)
Main reasons why parents did not save for their children's postsecondary education in Canada in 2020 [Graph], StatCan, September 24, 2020. [Online]. Available: https://www.statista.com/statistics/1220003/reasons-for-not-saving-for-postsecondary-studies-canada/
