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re: How much should a person have in their savings by 25?

Posted on 5/19/15 at 12:42 pm to
Posted by GenesChin
The Promise Land
Member since Feb 2012
37706 posts
Posted on 5/19/15 at 12:42 pm to
quote:


Well if you make 100k a year, you are in the top 15% of people who have incomes. I think its very unrealistic to put that on someone who is 30.


I am not saying you "should" be able to make that much, just that as a 'goal' isn't ridiculous for high achieving capable people.

At my fortune500 company, managers for a number of business/professional level employee areas pull in 100k+ (avg COL) of which a percentage of that population is around 30YO


Like I said, you need fortune and to be capable to get there but it is very doable for anyone willing to do what it takes.


This post was edited on 5/19/15 at 12:44 pm
Posted by VABuckeye
Naples, FL
Member since Dec 2007
35607 posts
Posted on 5/19/15 at 12:53 pm to
quote:

Only about 20 percent of American households even break the six-figure mark, according to Census Bureau data. But while many Americans still see that number as a prized income, it doesn't necessarily roll out the red carpet anymore.


That's household, not individuals.
This post was edited on 5/19/15 at 12:54 pm
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