If you have investments, let’s treat those as liquid cash for the sake of argument. Otherwise, the assumption is that you’re not selling property or possessions, but continuing to live as you do now.
If you have investments, let’s treat those as liquid cash for the sake of argument. Otherwise, the assumption is that you’re not selling property or possessions, but continuing to live as you do now.
I’m in my mid 40’s.
It’s not particularly uncommon for people in regional Australia to own their own house with no mortgage by my age.
It’s pretty tough to find a family home that costs less than 10x average wage.
So, as a kind of line in the sand I’d say maybe a third of 45 year olds living in regional Australia could “survive” for 10 years with no income.