Who can live off term deposits today?

Steve Thaxter- Senior Partner and Principal Adviser

Sovereign Wealth Partners

 

 

This chart tells a story of pain for millions of Australians. It needs little introduction. 

The amount of bank term deposits required to earn $50,000 per year:

 

 

With interest rates at historic lows and perhaps staying there for years to come, the financial repression on conservative savers has never been this intense.  There will be no easy answer but maybe a good place to start is accessing considered, realistic and skilful financial advice. 

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