how much money does the average 20-21 year old have? - University and Student Life Forum

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how much money does the average 20-21 year old have?

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06-05-2007 , 05:20 PM

dynacraze

adept

Join Date: Nov 2005 Posts: 1,073

This is bank accounts, assets all added up, anything you own. What's the average amount of money a 20-21 yr old have these days ? I feel like I am broke.

06-05-2007 , 05:29 PM

traz

Werewolf Super*

Join Date: Oct 2005 Posts: 33,259

I'm guessing my 20 yr old friends have about 3-5k on average saved up. Some have alot more, some alot less

06-05-2007 , 05:36 PM

dynacraze

adept

Join Date: Nov 2005 Posts: 1,073

Lot of friends probably have around that much saved up too. So is that average?

06-05-2007 , 05:47 PM

MEb

Carpal \'Tunnel

Join Date: Jun 2004 Posts: 24,776

Are you talking how much actual cash they have or what their net worth is? Most 20-21 year olds will be negative if it is the latter.

06-05-2007 , 05:56 PM

lippy

Carpal \'Tunnel

Join Date: May 2006 Posts: 8,323

In college; in debt.

Not in college; $500-$5k

06-05-2007 , 06:03 PM

dynacraze

adept

Join Date: Nov 2005 Posts: 1,073

I am referring to actual cash.

06-05-2007 , 06:47 PM

Woolygimp

banned

Join Date: Mar 2005 Posts: 3,042

I'm 21 and I made $7.3k this week.

06-05-2007 , 09:09 PM

Misfire

veteran

Join Date: Mar 2005 Posts: 3,428

I'm guessing in the triple digits in cash, and probably a negative overall net-worth.

06-05-2007 , 10:32 PM

dynacraze

adept

Join Date: Nov 2005 Posts: 1,073

okay i see. It's like most people i know have around 2K or so and i forgot about the whole overall net worth since i only think about cash.

06-06-2007 , 01:28 AM

#10

GoldenBears

Carpal \'Tunnel

Join Date: Apr 2007 Posts: 23,950

I've got about 30k in cash in the bank and I'm getting about 5% on it right now... going to be investing most of it come Fall while still keeping it as liquid as possible (for bankroll purposes). most of my friends are close to broke though, so I have no idea

06-06-2007 , 01:55 AM

#11

yellowjack

veteran

Join Date: Nov 2004 Posts: 2,508

Quote:

stop trying to brag, you're failing miserably.

06-06-2007 , 01:06 PM

#12

hlacheen

adept

Join Date: May 2006 Posts: 1,051

20-21 year old poker player? Or just 20-21 year old?

06-06-2007 , 01:14 PM

#13

dynacraze

adept

Join Date: Nov 2005 Posts: 1,073

i say 20-21 year old. I dont want to know 20-21 year old poker player because i am pretty sure they are much higher

06-06-2007 , 01:21 PM

#14

Beesnuts

journeyman

Join Date: Jan 2007 Posts: 311

I'm 20 and I have approx. $1500 in the bank, a $3K-$4K car, no debt (yet), and maybe $300 in cash

I'd say net worth of about $6K with everything

06-06-2007 , 02:34 PM

#15

catalyst

Pooh-Bah

Join Date: Jun 2006 Posts: 3,595

This is a terrible sample considering you are asking a bunch of poker players.

06-06-2007 , 02:35 PM

#16

catalyst

Pooh-Bah

Join Date: Jun 2006 Posts: 3,595

Quote:

I'm guessing my 20 yr old friends have about 3-5k on average saved up. Some have alot more, some alot less

I would guess the median would be lower than this. Then again, I go to a state school, so my view might be skewed.

06-07-2007 , 05:28 AM

#17

inferno

Pooh-Bah

Join Date: Mar 2005 Posts: 3,830

I would be broke if it wasnt for poker

06-07-2007 , 11:31 AM

#18

johnnyrocket

Carpal \'Tunnel

Join Date: Dec 2006 Posts: 9,277

i would say most of my friends are around $1k in net worth maybe, college student friends much lower due to loans

some friends just work back home and are worth $20K+ but have no future.

i say hey just play poker a few days a week and make much more

06-07-2007 , 12:05 PM

#19

Big Poppa Smurf

Pooh-Bah

Join Date: Dec 2005 Posts: 4,013

Hell I'm broke and I do play poker

06-07-2007 , 12:14 PM

#20

Murakawa

grinder

Join Date: Jun 2006 Posts: 653

-$200,000
where the heck do you all get that much money?

06-07-2007 , 12:34 PM

#21

ImsaKidd

CHOO CHOO

Join Date: Aug 2005 Posts: 20,758

Certainly negative for any non poker people.

I lol hard when people make fun of me for playing poker, then bitch and moan that they have $20 in their wallet.