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Many Aussies have less than $1,000 savings

Gareth Parker

One in four households have less than $1,000 in cash savings, while two in three Aussies could not easily raise $3,000 within a week of an emergency.

About 50 per cent of Australians have no money left in the bank after they’ve paid for the essentials in life according to ME Bank consulting economist, Jeff Oughton.

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Gareth Parker
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