The average balance of 529 savings accounts in the United States fell significantly in 2022, after several years of rising savings account balances between 2017 and 2021. In 2022, that balance reached a value of over 25,800 U.S. dollars.
A 529 savings plan is a tax-advantaged savings account designed to encourage households to save for future higher education expenses.
Average balance of 529 college savings accounts in the United States from 2016 to 2022
(in U.S. dollars)
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Ascensus. (March 1, 2023). Average balance of 529 college savings accounts in the United States from 2016 to 2022 (in U.S. dollars) [Graph]. In Statista. Retrieved November 18, 2024, from https://www.statista.com/statistics/1233227/529-savings-average-account-balance-usa/
Ascensus. "Average balance of 529 college savings accounts in the United States from 2016 to 2022 (in U.S. dollars)." Chart. March 1, 2023. Statista. Accessed November 18, 2024. https://www.statista.com/statistics/1233227/529-savings-average-account-balance-usa/
Ascensus. (2023). Average balance of 529 college savings accounts in the United States from 2016 to 2022 (in U.S. dollars). Statista. Statista Inc.. Accessed: November 18, 2024. https://www.statista.com/statistics/1233227/529-savings-average-account-balance-usa/
Ascensus. "Average Balance of 529 College Savings Accounts in The United States from 2016 to 2022 (in U.S. Dollars)." Statista, Statista Inc., 1 Mar 2023, https://www.statista.com/statistics/1233227/529-savings-average-account-balance-usa/
Ascensus, Average balance of 529 college savings accounts in the United States from 2016 to 2022 (in U.S. dollars) Statista, https://www.statista.com/statistics/1233227/529-savings-average-account-balance-usa/ (last visited November 18, 2024)
Average balance of 529 college savings accounts in the United States from 2016 to 2022 (in U.S. dollars) [Graph], Ascensus, March 1, 2023. [Online]. Available: https://www.statista.com/statistics/1233227/529-savings-average-account-balance-usa/
