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re: How is my financial state at 26? Thanks for the input.
Posted on 2/14/14 at 8:30 pm to kennypowers816
Posted on 2/14/14 at 8:30 pm to kennypowers816
quote:
Congrats on not having credit card debt and having a 50k+ salary. I would imagine its safe to say that those 2 factors alone put you better off than the majority of your peers.
Not trying to be an OT showoff, but what do yal think the current average salary for a 26 year-old college educated graduate is? I just assumed it would be higher.
As far as the OP, you're definitely doing better than most. I'd say <10% of my friends have any 401K contributions and they're in the same age range. I'd look into starting some drip contributions into a Vanguard account with blue chip dividend stocks or index funds as well.
4
Posted on 2/15/14 at 7:56 am to FootballNostradamus
I would argue if you had a technical college degree or an MBA, then perhaps the average 26 year old's salary is greater than $50k. But I have a hard time believing the average salary for a college educated 26 year old is $50k or greater. I would say the OP is doing very good so far, especially considering he has an awareness of his current situation and is making an effort for improvement.
Posted on 2/15/14 at 9:50 am to FootballNostradamus
quote:
but what do yal think the current average salary for a 26 year-old college educated graduate is? I just assumed it would be higher.
It isn't.
Many college "educated" 26 yr olds don't even have jobs.
I would say your assumption is off significantly.
The OP is off to a solid start, just need to keep learning.
Posted on 2/15/14 at 12:37 pm to FootballNostradamus
quote:
Not trying to be an OT showoff, but what do yal think the current average salary for a 26 year-old college educated graduate is?
What is your field? You want to compare apples with apples.
I would think that when comparing only college grads, this is about average.
Posted on 2/15/14 at 3:27 pm to FootballNostradamus
quote:
Not trying to be an OT showoff, but what do yal think the current average salary for a 26 year-old college educated graduate is? I just assumed it would be higher.
Average salary for individual's 25 or older who have a bachelor's degree is just over 50k. Being that he's only 26 and at that level, I'd say he's doing pretty well. Granted there are jobs that pay much better, but there are also jobs that pay less.
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