Page 17 - 1. What Wealthy Means to Australians in 2023

9. C ONC L U S I ON : W E A LT H Y I S N ’ T
A LWAY S A B O U T M O N E Y

And maybe that’s the point. There is no single answer to the question
of what wealthy means in modern Australia.

One person will want security. Another person our lives. Many of these things have changed
will want freedom, liquidity, the ability to dramatically since the 1960s.
change things about.
What has not changed is the value of health, of
The difference between our home ownership personal relationships, of family, of provisioning
obsession of 1966 and the much diminished for children, of helping grandchildren. These
(but recovering) home ownership rates of today things are eternal. They are human. This is the
is having other options, other interests, more reason why we pursue wealth and why we
liquid forms of wealth preservation. have pursued wealth in the past.
And in many respects that is precisely the Wealth however grand or modest enables us
advantages, indeed the strengths, of modern or at least many of us, the people of middle
Australia. We are a diverse people engaged Australia, to live the lives we want to live, to
in the pursuit of freedoms in how and where benefit those we love, to support those we care
we work, in how and with whom we form about, both now and into the future. That is
relationships, indeed in how we choose to live what it means to be wealthy.

...to live the lives we want to live, to benefit

those we love, to support those we care about,
both now and into the future. That is what it
means to be wealthy.”

16 What wealthy means to Australians in 2023