Tue, May 30, 2006 - Page 12 News List

Graduates have eyes on first million

CNA , TAIPEI

As college graduates prepare to enter the job market this graduation season, a new poll has found that most would like to make NT$1 million (US$31,200) per year by the age of 33, with one-third expecting to reach their income goals through stock trading.

According to a survey by 1111 manpower bank and the Chinese-language business monthly Smart, 36.2 percent of graduates anticipate that they will earn their first million before 30, followed by 33.6 percent before 35, while 18.3 percent had no opinion on the subject.

The average age for reaching NT$1 million per year is 33.

The survey found that 33.1 percent of respondents thought they could earn their first million by stock trading, followed by personal performance at 22.3 percent and starting their own business at 23 percent. The poll found that 35.8 percent thought they could have savings of NT$1 million after working for five years, while 13.5 percent expected to reach this goal within three years.

The jobless rate fell for a fourth straight month to the lowest level in more than five years last month, the Directorate General of Budget, Accounting and Statistics said on May 22.

Asked how they would spend their first paycheck, almost 80 percent of respondents said they would save, followed by investment and paying off debt.

The survey of 1,259 graduates was conducted between May 12 and last Friday.

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