Truly wealthy debt-ridden wannabe?
For many of us mere hardworking folk, the pay cheque that (hopefully) arrives at the end of every month is a sign that we are doing okay. We are able to pay the bills, and have some moolah left over for beers and weekends at the beach house. When the number on the pay cheque shoots up, as we acquire more senior positions, snazzy titles and salaries to ref lect our progression, we mistakenly think that we have arrived. We are now among ‘the wealthy’. HIGH FLYERS… OR NOT The sad reality is that high earners are rarely truly wealthy people. An Australian survey conducted in 2012 highlighted that high income does not imply high net worth. Analysts drew this conclusion from findings which indicated that only about 34% of households that rank in the top 10% by gross household income also rank in the top 10% by