The average Australian has $40,000 in savings. Someone else must have my cut - Sydney Morning Herald

Who are these mythical beings with a big pile of cash in the bank? With 10 per cent of households holding almost half of the country’s wealth, it is far from the lived reality of most Australians.

This week, I was thoroughly gobsmacked when a press release landed on my (virtual) desk proclaiming that the average Australian has $40,000 of cash in the bank. The figure, released by comparison we… [+1860 chars]

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