How much does the average 30 years old american save each month?

Answer 1

It's actually negative.

The government said that borrowing on credit cards, auto loans and other forms of consumer debt rose by 3 percent in 2005, down from rates above 4 percent in the previous three years and a 7.7 percent surge in 2001. It was the smallest increase since a 1 percent rise in 1992.

Consumer borrowing ended the year on an up note, rising at an annual rate of 1.9 percent in December following a weak 0.3 percent rate of increase in November and a plunge of 4 percent in October, a decline that reflected a big drop in auto sales.

Answer 2

INVESTING

Asset allocation is the most important investment decision you will make. How you divide your investments among stocks, bonds, and cash (money markets, etc.) will determine most of the returns you receive. So long as you maintain a mix of investments, the particular stocks, bonds, and cash instruments in which you invest are of secondary importance.

If it will be more than 5 to 10 years until you use the money, you ought to have very high risk investments; 80% stocks and 20% bonds is appropriate. If you are within 5 years (10 years if you are very risk-averse) of using your money, gradually switch from 80-20 to 60% stocks, 20% bonds, and 20% cash. So, when you begin to draw down your investments, such as at the beginning of retirement, you should be at the 60-20-20 allocation. Gradually change to 10-80-10 within 10 years. One-fourth of your stocks should be international funds, so long as you have enough in stocks to maintain the minimum balance required for an international fund.

When you retire, you should expect to withdraw 5% of your investment annually, if you want the purchasing power of the amount you withdraw to keep up with inflation.

To summarize:
More than 5 or 10 years from using money: 80% stocks, 20% bonds.
At 5 or 10 years away, gradually change to: 60% stocks, 20% bonds, 20% cash.
As you begin drawing down (early retirement): 60-20-20.
Over ten years of retirement gradually change to: 10-80-10.

I'm a big believer in index funds. A mix of index funds beats 3/4 of managed mutual funds. I think it is really advisable to read up on the "couch potato portfolio" and the "coffee house portfolio." Scott Burns discusses these at his web site (free registration). You can search Google. They are simple mixes of index funds that only require rebalancing once a year.

Read "Bogle on Mutual Funds." It shows why index fund investing is the way to go.

Answer 3

Really~nothing

Answer 4

im 25 and save about $700 a month. seriously! i pay rent and drive NOT a cheap car.

Answer 5

$20.00

Answer 6

ZERO