Q:

# What is a average savings of a 30 year old?

A:

As of 2014, the average savings of a 30-year-old is between \$5,000 and \$9,999; the second most common range for this age is \$10,000 to \$24,999. These numbers vary based on location, family background and education.

Know More

## Keep Learning

For the group aged 33 to 44, the median savings amount is \$61,000, compared to only \$12,000 in the 25-to-32 range. The ideal amount in savings for a 30-year-old is enough to cover expenses for one full year. Thus the right amount varies depending on personal expenses. If a person lives frugally, he potentially saves enough in one to three years to reach this goal. Savings grow with time, since age 30 is quite young in terms of a person's expected work potential.

Sources:

## Related Questions

• A:

Fishing causes more fatalities each year than any other major sport, according to Sporting Life 360. As fishing has been around longer than any modern sport, it has also killed the most people over time. Most deaths in the sport are a result of people drowning.

Filed Under:
• A:

To calculate an average grade, first add up all the individual grades, then divide by the total number of grades. Letter grades or percentage grades can be converted to the 4.0 scale to find the grade point average, or GPA.

Filed Under:
• A:

Calculate an average by using this formula: sum of elements / number of elements. Find the sum of the elements by adding up the values of all the numbers in the set. Find the number of elements by counting how many different values are in the set.