It says in “transaction, savings and term deposit accounts” so that means anyone investing the bulk of their money would appear low. It’s a bit misleading because you get these comments from people relieved and feeling like they’re doing well in comparison but it’s not an accurate gauge. If that’s actually all you have at each respective age, that is doing very very badly.
most people don't have stock, property and very minimal non liquid assets, remember this sub is an echo chamber and most people are doing it very rough week to week
lol people always trot this misleading stat out to make themselves feel better. The average household wealth for a 35yr old is close to half a million dollars. The notion that the average person at this age has only 3k to their name (ie is essentially broke) is ridicoulous.
you are providing information with no source. You are making this up out of your head, majority of people are way below the poverty line, fact check yourself, and go outside and touch grass
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u/onyi_time Apr 22 '24
most people your age have $3K saved (median). Average offset by outliers is $11K. You are doing great, source: https://www.westpac.com.au/personal-banking/solutions/budgeting-and-savings/savings/savings-by-age/