How much do average graduates save every year?

0-5k

Probably $0 since the average college student graduates with loans.

My recent graduate friends seem to average about $30-35K in expenses/year living around major hubs in Texas for what it's worth.

Depends on various factors. But I would find it hard to believe anyone who just graduated college (and has student loans), and is not living at home, saving more than 5Gs.

• POTUS

Mainly it depends on how much you are spending on housing and food/entertainment. If you live in your own 1 bed apt. in a big city, go out every weekend, eat out a lot, and travel often then most likely $0 or might even end up in credit card debt. However if you split an apartment with a college buddy and be frugal i think you can save 10k+ a year if you don't have any loans.

$0. average person in the states has cc debt of 5-10k.

minimal student loan debt (~10k), living at home with the parents and working in Big4 audit. i saved approx 20k each of my 2 years of working. this doesnt include my 401k contributions.

Brother you do not know how much in debt I am in

Hopefully 20k, taxes and rent eat up a good chunk and then also the purchase of my car. Including my 401k, I will have around 25k-27k saved up. From what I understand, the goal for anyone should be to save 30% of their salary each year.

Try to save 20k by living with the parents. Not cool, but cash is king these days.

A $55K salary is about ~37K-40K post tax.

If living at home, you should be able to save about half of that. If living alone or with a roommate, you should be able to save maybe a fifth of that.

the guys that live with parents save shit tons as % of salary

My take home was close to 70k and I live in a big city. I saved nothing outside of my 401k (about 4k and then got 4k in matching) and have a little credit card debt. I didn't budget correctly at first (think, 400 dollars a week in drinking alone for the first 6 months) and I have an apartment that stretches me too thin. I think i'm pretty normal in my city and among my friends. I should be able to get out of credit card debt with my spring bonus + tax return.

One of my new years resolutions is to be better with my money. That starts with me drinking less (though, my increasing alcoholism isn't helping that) and getting a roommate.