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.

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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.

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