How do you compare with an average Australian? (Income, Saving, Super, Net Worth)

Have you ever wondered how you stack up against the average Australian?How do you compare with an average Australian? In this video, we explore the current average income, savings, superannuation balance and net worth in Australia for the year 2023. The updated statistics will help you understand how you compare to the average Australian in terms of financial well-being.

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Disclaimer: Some links above are affiliate links, where I earn a small commission from your purchases at no additional cost. The content of the videos is for educational & entertainment purposes only and merely my opinions. I am not a financial adviser. All investments involve some risk, and there is no guarantee that you will succeed. To make the best financial decisions that suit your own needs, you must conduct your own research and seek the advice of a licensed financial adviser if necessary.

[undeadondope]

The level of detail, content and explanation is so incredibly well done.thank you

[aussietaipan]

Just came across your channel and this was most interesting. For me, I made sure my wife and I at 50 years old (12 years ago) paid off all debit. We own our houses (2) outright, have money invested in shares and a very healthy bank balance. I plan to work into my retirement 2-3 days per week as I love my job but time will tell if these plans change. The main thing for me is I eat well, exercise to have a reasonable level of fitness to enjoy the future. Subscribed and liked.

[romanbrandle]

Almost twenty years of wage stagnation that's what counts so the younger you are or the later you start in Australia the worse it looks for your future. I would suggest that half the population would not be able to afford retirement, which is a breach of the social contract between state and the working people.

[walkingtofi]

What a great snapshot of the Australian people. I found out I have more money outside Super than inside... I need to Hustle!

[shibafujiwatches]

That household net worth is not the medium. The medium (not by age) is $579, 200

[darrylcullen]

Thanks for this. It did help me feel a little more confident

[nitehawk]

Income 150k inc super only on above median wage since late 2022, 39, 300k in bank after paying off another 16k this week on mortgage, net worth couple about 1.5 to 1.6 million. Nearly 40 will be doing max consessional super until retirement. 600k together in Super, shes 40 and paid an additional 15k this yesr as well. I need a financial planner.

[Nerdificationing]

Explanation of stats was wrong. Median is not the most "accurate" - it is the most representative of a larger number of Australians. Also the only average is the mean, mode and median are two other descriptive stats not averages.

[Woodland]

In my early days super wasn't even compulsory and when it did, it was only 3%, plus soon after I was self employed anyway. In my 30s started to pay more attention into it and put in 20k per year as self employed. At 59 now my super balance is making same as my own income.

[betterthanlegoforchristmas]

Forget super. For the next generation down... Government could change retirement age to 80 with one meeting. It gets higher every year, just as our life expectancy is declining.... Just have no debt. Its such an easier life. Leave the city, work 3 days a week.

[BenWilliams-jjhc]

At 50 y/o worked hard all my life and spent like a mizer have a net worth of zero with 6k in super. I guess I did'nt do so well.

[jamesnolan]

Would the mode be the most accurate though as the greatest number of people on a amount reflects what more people actually deal with financially. Though I understand the logic of Ur choice the majority of Australians won't actually have the amount of money you mention will they with the system you are using?

[unclelive]

Better question what’s your age and your super at?

[smithjohn]

is net worth measured by AUD or USD.THANKS

[losk.s]

How is the household net worth so high, yet the earnings so low, it makes no sense.

[cloudeddie]

Does household net worth mean couples?

[jasonstewart-yi]

Super is a bit of a scam. The carrot in front of the donkey. For a lot of ppl bad health kicks in over 60 decreasing ur ability to actually enjoy ur hard work

[bunthoeunhas]

Age 42
Income 14k
Saving $2
Super 90k
Lol big fail😂