The average balance of *** savings accounts in the United States decreased among all age groups in 2023. Savers aged 45 to 54 years, who have had a longer time horizon to save than younger people and may have children approaching college age, had the highest overall average balance at approximately * U.S. dollars.
A *** 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, 2024). Average balance of 529 college savings accounts in the United States 2020 to 2023, by age (in U.S. dollars) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 30, 2026, from /statistics/1233249/529-savings-average-account-balance-by-age-usa/
Ascensus. "Average balance of 529 college savings accounts in the United States 2020 to 2023, by age (in U.S. dollars)." Chart. March 1, 2024. ÌÇÐÄÆƽâ°æ. Accessed July 30, 2026. /statistics/1233249/529-savings-average-account-balance-by-age-usa/
Ascensus. (2024). Average balance of 529 college savings accounts in the United States 2020 to 2023, by age (in U.S. dollars). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 30, 2026. /statistics/1233249/529-savings-average-account-balance-by-age-usa/
Ascensus. "Average Balance of 529 College Savings Accounts in The United States 2020 to 2023, by Age (in U.S. Dollars)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 1 Mar 2024, /statistics/1233249/529-savings-average-account-balance-by-age-usa/
Ascensus, Average balance of 529 college savings accounts in the United States 2020 to 2023, by age (in U.S. dollars) ÌÇÐÄÆƽâ°æ, /statistics/1233249/529-savings-average-account-balance-by-age-usa/ (last visited July 30, 2026)
Average balance of 529 college savings accounts in the United States 2020 to 2023, by age (in U.S. dollars) [Graph], Ascensus, March 1, 2024. [Online]. Available: /statistics/1233249/529-savings-average-account-balance-by-age-usa/
