[vacri]

I have a slightly-lower-than-median wage in Aus and only $20k in assets (car, some furniture). This puts me at 0.9% for income, but 27% for wealth, which is quite a strange disparity - evidently there are a lot of people earning much less than me with much more in the way of assets.

While I am not financially astute, I'm also not terribly bad, throwing that money away on lottery tickets and whatnot. Buggered if I know how I manage to drop 26 percentage points - how are all those much poorer people managing to save so much more than me, especially considering that by the time you're out of the top 1%-by-income, you're below $30k.