Is it a general trend for 20 somethings to save or not save?

We humans in general prefer to follow the crowd and social norms as we are genetically inclined to avoid being singled out from the group/clique. Many people who do not know what they want to do in their life may be inclined to do what their social groups are doing to continue to be part of the group as we all are social creatures.

Moving back to the topic of saving, what I see as normal (saving 70% of income) is plainly insane to most people. However, I see it as living an intentional life so it is your call to choose whether to follow the math (making use of compound interest and high saving rate to pursue financial freedom) or fit in the YOLO group. The choice is yours :)

Having gone through the 20s, I will say that my first paycheque was an eye opener because I suddenly found a lot of money deposited in my bank account. So I did spend quite a bit then (for a couple of months).

Then I realised that's not the way I should be doing things if I wanted to retire, so I changed strategies and started saving. Then I started to get serious about investing for retirement. Now, I barely spend 30% of my income, and 60% is invested or earmarked for investments. To me, my retirement is too important for me to lose sight of.

So well, in the end, you can spend your paycheque, but doing so just shifts retirement away from you. So you'll have to ask yourself, what do you envision your future to be?