Who The Heck Has $40k In The Bank?

Recently, there were headlines telling us that on average, Aussies had around $40,000 in savings in the bank. The response around the office water cooler was a shocked one - who the hell has 40k in the bank? Those who do, stayed suspiciously quiet. In today's episode, The Quicky team finds out just how true that headline is, and if you are one of those with 40k stashed away in your coffers, what you should be doing with all that cash. Subscribe to Mamamia GET IN TOUCH Feedback? We’re listening! Call the pod phone on 02 8999 9386 or email us at [email protected] CONTACT US Got a topic you'd like us to cover? Send us an email at [email protected] CREDITS  Host: Claire Murphy With thanks to:  Fiona Guthrie - CEO of Financial Counselling Australia Melissa Browne - Financial Expert, Author and Host of Mamamia's What the Finance podcast Producer: Claire Murphy Executive Producer: Liv Proud Audio Producer: Thom Lion Mamamia acknowledges the Traditional Owners of the Land we have recorded this podcast on, the Gadigal people of the Eora Nation. We pay our respects to their Elders past and present, and extend that respect to all Aboriginal and Torres Strait Islander cultures. Just by reading our articles or listening to our podcasts, you’re helping to fund girls in schools in some of the most disadvantaged countries in the world - through our partnership with Room to Read. We’re currently funding 300 girls in school every day and our aim is to get to 1,000. Find out more about Mamamia at mamamia.com.auBecome a Mamamia subscriber: https://www.mamamia.com.au/subscribeSee omnystudio.com/listener for privacy information.