YOU’RE RICHER THAN YOU THINK

//YOU’RE RICHER THAN YOU THINK

YOU’RE RICHER THAN YOU THINK

Australia, take a bow. You’re better off than you thought. According to the Australian Bureau of Statistics 2013 – 2014, each Australian household has a net worth of $809,900 – making us one of the richest nations. Welcome to our lives in numbers!

Money
Household Assets (property, appliances, car, etc) $954,800
Household Liabilities (mortgage, maintenance, loans) $144,900
Household Net worth $809,900
Savings $99 per week
Credit Card Debt $4,332
Cat and Dog

Image Source: querosaber.sapo.pt

We spend $780M a year on pets.

Australian workers in uniform

Image Source: www.dreamaustralia.com.au

Households have an average $177,000 in superannuation savings, but for people aged 55 – 64, it’s almost $500,000.

Family at the beach

Image Source: www.trendspotting.com.au

Lifestyle

We live for an average of 82.1 years. Average number of kids is 2.1.

alcoholic drinks

Image Source: www.myvmc.com

We spend $14.1BN a year on alcohol.

Family of Four Weekly Expenses

Housing $325
Fuel and Power $43
Food and Drinks $279
Clothes and Footwear $64
Medical $77
Alcohol $31
Transport $254
Recreation $208
Total $1,670

*Data Sources: Australian Bureau of Statistics, OECD, ASIC, AMP.NATSEM, SunCorp Bank. RBA/ASIC, World Bank

 

ARTICLE SOURCE:

THE REALLY SIMPLE GUIDE TO MONEY | OCTOBER 2015

The information provided in this page is general in nature and does not constitute personal financial advice. The information has been prepared without taking into account your personal objectives, financial situation or needs. Before acting on any information you should consider the appropriateness of the information with regard to your objectives, financial situation and needs. You should seek independent advice from your financial adviser before making any decisions.

AUSTRALIAN MORTGAGE AND FINANCIAL ADVISERS (AMAFA)

CONTACT INFORMATION

Phone: 07 3378 2056

Fax: 07 3378 2069

Email: info@amafa.com.au

2017-02-10T11:36:25+00:00