Owen Rask

The data suggests that the average business debt for a 60 year old is $125,000.

So there's people like the people that have the debt is what I mean.

And the average is 125,000.

But yeah, it starts really young people.

Maybe you're buying businesses or maybe buying equipment and that sort of stuff.

And the average debt in that cohort is $288,000.

So for people that have a business, that's quite substantial.

It's higher than I thought.

Maybe there's a bit of skew there.

But just a quick update.

It's been a million dollars tracked.

No, just over a million dollars tracked.

since we started recording.

So people are still using this.

We're in the recordings in the middle of the business day.

But if you want to jump on and use it, what you can do, it's free, is jump on and it will benchmark you, it will show you charts.

So you can zoom out and you can say, where do I see my income versus everyone else in Australia or just my cohort?

And then you can do the same for wealth.

It gives you like a nice pretty chart of like, this is the breakdown of your assets, this is your debt, so on and so forth.

And you'll get it emailed totally free.