How much does the average Australian save?

Australians have a penchant for saving money. MasterCard's latest Consumer Purchasing Priorities survey indicates that people expect to save 17 per cent of their income, on average.

53 per cent of Australians say they are saving primarily for “precautionary purposes. Other reasons for saving include buying or renovating a home, saving for a trip and saving for retirement.

Source: Banking Day

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