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Average college-savings account has less than $20,000
Average college-savings account has less than $20,000

Americans don't appear to be saving all that much money in their 529 college-savings plans. That’s the upshot of data released Tuesday, which show that the average 529 account has less than $20,000. As of the end of last year, the average 529 account was $19,584, according to the report by the College Savings Plans Network. That, of course, is a mere fraction of what it costs to go to college. Average tuition and fees at four-year private colleges top $30,000, according to the College Board. Total costs are close to $41,000. PHOTOS: The 10 richest people in the world Similar in some ways to 401(k) retirement plans, 529s are state-sponsored programs offering a...

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