An Aussie who saved $80,000 working in retail has been praised for putting high-earning ‘corporate’ workers to shame for complaining they can’t save money.
The 35-year-old Sydneysider told Coposit he had amassed the extraordinary sum while working at clothing store Lowes.
He admitted Sydney was an expensive city to live in, but he had still managed to squirrel away a small fortune through a very simple lifestyle decision.
‘I just don’t buy really expensive things, I save it for when I really want something,’ he said in a TikTok video.
The man revealed he did not own any properties or assets, but was open to looking into investments in the future.
The 35-year-old indicated he would continue to work at the clothing store as he ‘really liked’ his job.
Social media users heaped praise on the worker for his savings, with one saying it was a good lesson for ‘corporate’ workers who earned much more, but used every opportunity to complain about the cost-of-living crisis.
‘See! Bro works at Lowes and saved $80,000,’ he wrote.
‘People out here are working corporate jobs crying about “cost of living” while having their third matcha for the day and sipping from their $100 Frank Green bottle.’
Others shared their admiration for the Lowes worker.
‘He’s like me, but with more self-control,’ one said.
‘Good on him,’ another added.
One said the worker should really look to invest his money, rather than sit on it.
‘$80,000 cash is impressive, but no assets is where he’ll get destroyed long term,’ they said.
According to Westpac data, their 35 to 44-year-old customers had an average savings account balance of $29,769, and a median balance of $811.
Data showed customers aged 25 to 29 had an average of $19,165 in savings, and a median balance of $2,200.
Customers 30 to 34 have an average of $21,394, and a median of $1,104.