幸运快3Einstein once said that the most powerful force in the universe was compound interest.
幸运快3No one is in a better position to harness this force than those who have just started earning a regular salary. But popular wisdom tells you that it is just this demographic that has a tough time saving. Salaries are typically lower.
幸运快3Here’s how that paycheck gets divvied up across the nation.
1. Housing (31.9%)
幸运快3Among households in this age group, 61% are renting.
The average rent/mortgage check is $894 per month（60% of the total cost on housing）幸运快3. Obviously, this figure will vary widely based on location.
The rest of the balance of housing money is devoted to utilities, household supplies, furniture, and appliances.
幸运快32. Transportation (16.3%)
This includes monthly payments for the purchase of new/used cars, which runs roughly $296 per month.
幸运快3Last year, an average of $204 per month was spent on gasoline.
The rest is used on maintenance, insurance, and “other vehicle expenses.”
3. Healthcare (4.9%)
幸运快3Here’s where it really pays to be young.
Healthcare spending is one of the only categories that consistently inches upward throughout life.
Of this total, 70% is used to cover insurance premiums, which likely means that employers are chipping in a significant percentage of the total cost of coverage.
幸运快34. Food (12.1%)
Typically, 45% is spent on eating out.
幸运快3Meats, fish, eggs, fruits, and vegetables make up over 40% of the money that is spent monthly for food at home.
幸运快35. Entertainment (4.4%)
When you think about it, it’s a pretty good deal when you’re able to spend as much on entertainment as you do on healthcare.
幸运快3I should note that these figures include the costs of pets, TVs, hobbies, and any type of event you might attend.
6. Pensions and Social Security (9.8%)
幸运快3As you’ll see at the end, though, even with reduced benefits in the future, Social Security can play a key role in your retirement.
7. Education (2%)
Many will argue that this number should be higher. After all, the graduation is only a beginning. Your career just started and there's a lot of skills to acquire if you wanna get promoted and paid better.
8. Other (9.3%)
This covers a lot of different categories: clothes, alcohol, personal care products, cigarettes, donations, and even alimony payments. Lump all of them together and this is what you get.
That leaves the average household of 2 people with $423 per month.
This may sound like a lot or a little, depending on your point of view. But let’s put it in perspective. This is equivalent to saving $5,076 per year.
幸运快3If we assume that a couple, aged 30, is able to put away this much every month until they retired at age 67, adjusted for inflation, and assuming a return of 9% (just below the stock market’s historical average), they would have an equivalent of $484,000 in their nest egg come retirement time.
幸运快3Obviously, not everyone who reads this will represent the “average” household for this age group. There’s tons of variability.
幸运快3If nothing else, a key takeaway should be that if you want to super-charge your savings, focus on the Big Three of housing, transportation, and food to leverage your efforts.