Education | Funds in 529 education plans reach all-time high
by Leigh Jones
Posted 10/17/18, 04:16 pm
Americans are funneling money into 529 college savings accounts at record rates.
Total investments in the funds grew to $328.9 billion as of June 30, according to the College Savings Plans Network (CSPN). Perhaps bolstered by the stock market’s seemingly endless climb during the first half of the year, assets grew by $9.8 billion in just six months. The average account now tops $24,000, more than double the average from 10 years ago.