Money Stats for Twentysomethings
A feature on MSN Money looks at finances of people in their twenties. The feature includes statistics such as median net worth, median income, percentage owning homes, etc. with which you can compare yourself if you happen to be in this particular demographic.
At age 29, I was doing well compared to these averages, but now that I’m in my thirties — 30, to be exact — I likely don’t stack up well against thirtysomethings.
Here are the article’s tips for those in their twenties. The headings are self-explanatory, so I won’t go into detail:
* Live cheaply as long as you can.
* Get health insurance.
* Shovel money into your retirement funds.
* Take a chance (regarding asset allocation).
* Be strategic about debt.
* Pay attention to your credit score.