[RoseC@SEC.GOV: The Dollar]
Alan
kplug at thebucks.net
Thu Dec 9 02:51:47 PST 2004
Gabriel Sechan wrote:
>
> Although 40% is impressive- I thought I was doing well at about 33%.
> Of course "household income" means there might be 2 wage earners- that
> can make up the difference in rent.
>
> Gabe
>
33% is surely more than just about everyone. I saw a stat on CNN
recently. Said the average American saves only 0.02% yearly.
That's about 80 bucks for a person making $40k.
I have the advantage of living outside of SoCal, so my rent is probably
a good 20% lower than the average down there (though still overpriced to
my mind) and more importantly, have a spouse who makes an above average
salary.
Our savings rate will probably increase to over 50% in the coming few
months since we are going to buy a house, which will affect our cash
flow signifigantly.
Gotta build up the reserves while we can, it'll be 30 years before we
can save as much again. heh.
-ajb
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