@resjudicata 1980s with inflation of 9.3% and wage growth of 10.3%.
Imagine earning 20k buying a house for 88k Sydney with a standard 50% to mortgage and your wage went up by $2060 vs your 10k cost of living up by $930. I think the recession was a reset.
@eso Exactly. Average wage tripled over the past 30 years (3.8% growth). Imagine the super balance we'll see in 2053 when wages are $270k.
This site is great for that
https://www.thecalculatorsite.com/finance/calculators/savings-calculators.php
Somone 20 with zero super investing $700 a month...
