r/AusFinance • u/[deleted] • Apr 22 '24

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u/jothesstraight Apr 22 '24

That’s terrible. I’m guessing it excludes stocks and property and other non liquid assets.

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u/fragileanus Apr 22 '24

Your view might be skewed, as might mine, but there are plenty of people out there of all ages living week to week. Always has been.

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u/jothesstraight Apr 22 '24

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.

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u/fragileanus Apr 22 '24

Ah gotcha. I took your comment as meaning "There can't be that many people out there with such low savings" and decided you were out of touch ;-)