Median household income in Australia is what?
Here is what AI dug up on median savings (NOT average(mean) which is skewed upwards because of the rich.
Savings by Age Group:
Under 17s: Have $3017 in savings on average, with a median of $2729.
18 to 24-year-olds: Have an average of $13,069 and a median of $2,410 in savings.
25 to 44-year-olds: Have an average of $29,769 and a median of $811 in savings.
45 to 54-year-olds: Have an average of $52,836 and a median of $1,429 in savings.
So. How much savings do you think those who are below 50% of median household income have? Probably not enough to make a bit of difference,