Lunchtime Takeaway: Monthly expenses for college graduates

We’re committed to making your practice better, so all this month, we’re delivering you a daily takeaway.

Today’s takeaway is…

Monthly expenses for college graduates

Stats compiled by BuzzRaid.com tell us the average recent college grad drops $80 per month on his cell phone, between $1,029 and $2,490 on rent, and $220 each month to service student loans. And we wonder why they don’t save. While there’s been a lot of debate about whether Gen Y has it tougher than their predecessors, the numbers do paint a grim picture.

Want more? Check out: Average expenses of recent graduates

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.