Young workers save more than older peers: survey

[Muck]

Wow, 5 figure income in your 30's and 40's. Does everyone in their 30' s and 40's earn that amount?

I guess I am the odd one out, who is not earning that 5 figure in my 30's / 40's . sigh.

You probably still in the twenties , that's quite normal to be tight on cash outflow. Once you reach late thirties / early forties, cash flow issue should minimize as your pay scale should be 5 figures per month. Some expenses are controllable if you can contain your pride and ego ....e.g. sports car/ premium watches / bungalow....

I have a big issue on savings and will appreciate advice from forumers. My saving rate is relatively about 5% of my income (not counting CPF savings) as I take into consideration that money to be spent on wedding, housing and renovation will not be considered as saving. In other words, my saving defintion is money that is added to my net worth. Does anyone share a similar experience with me?

Flinger you are not alone. I am also not earning 5 figure gross income from employment at that age.