Hi, my wife and I are 31 years old and consider ourselves pretty aggressive savers. However, one of the problems I have always encountered when researching savings habits is that so often people simply give percentages, ie save 10% of your income, or put x% of your income into a 401k or whatever.
However, that's really not that helpful of a metric when trying to figure out how you are doing compared to others your age. After all 10% of a 50k income is 5k, while 10% of a 150k/year is 15k. And really percentages are kinda worthless in the sense that bills aren't based on a % of ones income.
Regardless, what I think would be much more helpful are the actual figures, ie, 35 year olds generally should have 50k in their savings account, or by age 40 people should x-amount of dollars in savings. But those statistics are just never available.
However, that's really not that helpful of a metric when trying to figure out how you are doing compared to others your age. After all 10% of a 50k income is 5k, while 10% of a 150k/year is 15k. And really percentages are kinda worthless in the sense that bills aren't based on a % of ones income.
Regardless, what I think would be much more helpful are the actual figures, ie, 35 year olds generally should have 50k in their savings account, or by age 40 people should x-amount of dollars in savings. But those statistics are just never available.