How much money does the average 20 year old have in their bank account?

many are becoming billionaire thanks to internet and being an instant celebrity. we can mention justin biieber or the founder of the facebook. i don't know how much they got from it and how man they save it cause i don't dare to see their accounts in bank

That Depends on What the Person has. If He or She Works or goes to School. How much is Saved Depends on the Person just like What is Spent. Schools are Expensive so Very Little can be Saved for Tuition, Books & Supplies. Maybe a Rich Kid can Save more Money but the Average Student maybe can Save Something.

I don't think that the average 20 year olf had learned too much about saving money yet. i think that their bank accounts will still be quite small.

To be honest i do not think that there are many people of that age that do tend to really save.I know when i was that age i was out and about spending the money that i had earnt at work, as well as paying all those bills, as i was also running a house, so not that much money left to save anyway.

The ones who will make it on Dr. Phil are using credit cards that their parents will have to pay off. Others have been taught not to spend money, only to save. My friends are much more responsible than I am, so I'm sure they have at least some saved up from their parents allowances. Yes, 20 year olds get allowances some times, especially if they are studying hard at school. Others try to make as much as they can from part time jobs and try to save it up. Others who don't go to school have a lot saved up from work, or they spend it all on clothes and insignificant things. I have some friends at the age of 20 who have already managed to get themselves deep into bad credit because they get as many credit cards as they can just to pay for rent, thinking this makes them independent. But they will get themselves out because they don't have to pay off other things like school loans.

There are a lot of different factors that go into like where you live, type of job, marital status, economic background etc. I am in the United States, and I would say on average, a 20 year old makes $30,000 a year and has less than $100 dollars in their bank account. I say this because at 20, a lot of people are in college and working part-time jobs, and if not, they have just graduated high school and just started working full-time, so they are making minimum wage. At 20, your car insurance is high and you have not had enough time to save anything so you are basically spending every penny you are making trying to make ends meet.