Really? Australians have how much in savings?
New data from a large Australian mortgage aggregator reveals that, in 2015, one third of Australians have more than $20,000 in savings, up from less than 30 per cent in 2014.
49.9 per cent have less than $10,000 in their bank account. The growth in the popularity of savings comes despite low average interest rates. There are hundreds of great savings accounts now available to savvy investors who shop around and compare deals.
Source: Mortgage Business