this post was submitted on 25 Jun 2023
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I'm looking at the Financial Review online, and have just noticed that where other papers have a section for "money" they have a section for "wealth". Definitely a different clientele.
Edit: I just read an article stating that investors are starting to wonder whether owning a holiday home is "still" part of the Australian Dream. I am startled to learn that people ever thought it was.
I've never heard of a holiday home being an Australian Dream. I assumed it was similar to the American one, buy a house and live there until you're dead.
That was what I always thought. But apparently Financial Review readers dream of having their own house, another house for holidays, millions in super, and a hefty investment portfolio. And it is not so much a dream as something they see as a reasonable expectation. How the other half (1/20th?) live.