Have you ever wondered how your wealth compares to other Australians?
In today’s video, I will take you through Australia’s average and median net wealth, as well as how the wealthiest and least wealthy stack up.
As age plays a big part on how much wealth we accumulate, we’ll break it down into three groups – —young adults aged 25 to 40, middle-aged adults aged 41 to 64, and retirees aged 65 and over.
Towards the end, I’ll show you how to easily get a result like this, ranking your individual super balance and household net wealth among all Australians and people in your age group.
🍿 WATCH NEXT:
►How Does Your Income Compare to Other Australians?
https://www.youtube.com/watch?v=dioFRlldzj8&list=PL5FzE3hngef0R3xHr6ncz54eFc-5-alXP&index=21
►What You Didn't Know About Australia's Tax-Free Threshold FY25
https://www.youtube.com/watch?v=27yZgk3ARBU&list=PL5FzE3hngef0R3xHr6ncz54eFc-5-alXP&index=19&ab_channel=RuiShi
►Redraw Facility TRAPS (for EVERY AUSSIE with a loan)
https://www.youtube.com/watch?v=iOCS4QIe4XM&list=PL5FzE3hngef0R3xHr6ncz54eFc-5-alXP&index=3&ab_channel=RuiShi
►8 Superannuation Changes from 1 July 2024 (Australia)
https://www.youtube.com/watch?v=4StBjBLmx7g&list=PL5FzE3hngef0R3xHr6ncz54eFc-5-alXP&index=17&ab_channel=RuiShi
►TOP CRYPTO TAX INFO YOU MUST KNOW 2024
https://youtu.be/Jrc2AQzLV1c
►how to invest for beginners (to minimise mistakes)
https://youtu.be/fcyIIOKJblg
🔗 LINKS:
Wealth Comparison Calculator
https://povertyandinequality.acoss.org.au/how-does-my-wealth-compare/
👩🏻WHO AM I?
Hey 👋 I’m Rui, a financial planner-turned-financial educator. Through my videos here on this channel, I provide practical and actionable information to help you make informed money decisions.
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#australianwealth #australia #wealthcomparison
⌚️Timestamps:
00:00 Intro
00:41 Define Net Wealth
01:13 Average Net Wealth
02:30 The Top End of Wealth Distribution
03:57 Median Net Wealth
04:23 The Bottom 20% of Wealth Distribution
04:58 Net Wealth at Household Level By Age
📚Disclaimer
This video is for educational purposes only and is not intended as financial advice. Before acting on any information, you should seek professional advice and verify my interpretations before relying on the content or calculations in the videos, while also considering its appropriateness in relation to your personal situation.