australia

Are you an ‘average young Australian’ when it comes to personal finance?

Piggy Bank

Although I don’t believe in ‘keeping up with the Jones”, now and then I do like to compare how I am tracking financially to the average Australian, whether it is salary wise, savings or spending. It helps to give me perspective and motivation and is an interesting benchmarking exercise. So here are some average balances I have compiled, to help Gen Y Australians see how they’re tracking. I’ve compiled the balances from several sources, since they all differ due to the underlying assumptions, inclusions or exclusions in the data.  The numbers I have included cover averages Australia wide, in addition to breakdowns by age.  (more…)

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