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.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
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 December 22, 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 December 22, 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: December 22, 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 December 22, 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/
