The average balance of *** 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 * U.S. dollars.
A 529 savings plan is a tax-advantaged savings account designed to encourage households to save for future higher education expenses.
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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 ÌÇÐÄÆƽâ°æ. Retrieved July 25, 2026, from /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. ÌÇÐÄÆƽâ°æ. Accessed July 25, 2026. /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). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 25, 2026. /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)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 1 Mar 2023, /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) ÌÇÐÄÆƽâ°æ, /statistics/1233227/529-savings-average-account-balance-usa/ (last visited July 25, 2026)
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: /statistics/1233227/529-savings-average-account-balance-usa/
