Posted by admin on 14 Sep 2008 4:03 am. Filed under Personal Finance.
Stephen T asked:
I’m always worried I don’t have enough money. I graduated college last year. What do you think the average person in my situation has saved up/invested/debt? Thanks.
3 Comments to “What investments do the average 20-something have?”
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i love k said:
On September 15th, 2008 at 4:52 am
most i would say nothing except maybe 401k but i believe we are in a recession. We will be lucky just to survive…..
Memphis said:
On September 17th, 2008 at 7:21 am
I’m 27 and have
100K in a guaranteed savings account at 7.25% pa (saved by myself since I started working)
35K in superannuation (what you call 401K)
20K in shares given to me by my employer over the years
5K car debt
Yes Chuck, because they are losers who only want to go out and party.
Chuck said:
On September 18th, 2008 at 2:21 pm
I don’t know about the average since the individual situations may vary greatly (student loans, credit card loans from old school days, etc.). A financially literate 20-something may have a few thousands in their saving accounts, get all the employer matching in their 401K, and contribute to Roth IRA as much as they can. But, I also know many 20 somethings who are living paycheck to paycheck.
On September 15th, 2008 at 4:52 am
most i would say nothing except maybe 401k but i believe we are in a recession. We will be lucky just to survive…..
On September 17th, 2008 at 7:21 am
I’m 27 and have
100K in a guaranteed savings account at 7.25% pa (saved by myself since I started working)
35K in superannuation (what you call 401K)
20K in shares given to me by my employer over the years
5K car debt
Yes Chuck, because they are losers who only want to go out and party.
On September 18th, 2008 at 2:21 pm
I don’t know about the average since the individual situations may vary greatly (student loans, credit card loans from old school days, etc.). A financially literate 20-something may have a few thousands in their saving accounts, get all the employer matching in their 401K, and contribute to Roth IRA as much as they can. But, I also know many 20 somethings who are living paycheck to paycheck.