Question. Whats the Current average net worth of a Young Singaporean (20-30 Years Old)

At 29 purchase my own place, fully paid. tried investing in stocks and crypto, met people who buy and dump. So give up in stocks as I lost 20k in a week. starting pay was only 3.2k at age 24. but manage to save 200k for my place, so the remaining paid via cpf.

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now 32, getting my 2nd property but this time not local, so it's in malaysia. valuation of property 800krm, loan 70%rm, the rest also pay by cash. So yea.

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cpf now 220k including Medisave.

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not rich, not thrifty, still spend a decent amount but manage to save. Current earning power average.

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Hi Daniel, based on the study from the authors of a classic personal finance book "The Millionaire Next Door", there is a general rule of thumb as a rough gauge:

Expected Worth = Age * Realized Pretax Annual Household Income from All Sources Except Inheritances / 10 – Any Inherited Wealth

So the greater your income or older you are, the greater your net worth should be. Note the formula makes more sense after several years of income and it's not realistic for a fresh grad; after all, you likely didn’t have any income during school.

If you haven't read before, I do recommend the book as a great intro to personal finance. For more details and takeaways, feel free to check out my blog article.

I was also curious like you last time and happened to come across this yt channel that manages to discuss about their survey done about the average net worth for different age group(Although it is done in the US but better than no data). You can check them out if you wish to know more: https://www.youtube.com/watch?v=GqO_vM9jQb4&t=1...

You can also download the datas they have for some interesting finance reads here:

https://www.moneyguy.com/resources/

They are all free, only have to key in your email address to download it​​​

I am currently 25 and have been working for 2 odd years,part time student started investing early last year.

My current net worth is $170k excluding CPF (all in crypto / volatile stocks)

//liabilities : uni fees , insurance ,

hoping to double/triple in next 3 years !! hopefully