At this age, you are most often broke

When do you really have no money to spare? It all has to do with your age, research shows. Because a certain age is not good for your wallet.

This phase is characterized by a combination of changing life circumstances, increasing responsibilities, and sometimes a lack of financial experience.

And that is: from your 20s to about your 26th.

This is the phase in which many young adults take their first steps into the world of work, study, and independence. As they try to find their way, they often face a number of financial challenges that make it difficult to save money. You have your tuition costs and also your student debt: oops. It quickly adds up to tens of thousands of euros in debt and study worries. And that's a shame, especially when you're just starting to work, at this stage in your life. Even with a diploma in hand, paying off student loans can take years, keeping the financial pressure on.

And then your home. Where do you live? No longer at home with your parents, usually. The first years of adulthood are often accompanied by the search for a place of your own to live. Rent prices are high in many cities, and finding an affordable home can be a challenge. For those who choose to buy a house, there are also the costs of a mortgage, maintenance, and any renovations. All these expenses can leave little money left at the end of the month.

And then you often just start in your career, which means you have to make do with an entry-level salary. Add your social life to that – because in these years you want to be everywhere – and you can understand that little is saved. Oh well. That will come when you're thirty, right?