42–43

Stormy Weather row · ages 42 to 51

Five economic considerations

Replacement car

The family car is often replaced, which is a major unplanned expense.

Parents' care

Helping ageing parents becomes a real time and money question.

Family holidays

Bigger holidays compete with other goals.

Forms and files to look for

  • Tax return and deductions record (ATO)
  • Powers of attorney for parents (state)
  • Car finance comparison

Search these names on the department sites below. Links go to each department's home page.

Research snapshot

Figures from published research for the age groups that cover 42–43. Sources often publish wider age groups, so the group shown is the one that includes these ages. They describe groups of people, not any one person. Checked 23 October 2026.

Wealth

Household net worth and income

  • Ages 40–44$841,000 net worth
    $2,961 gross household income a week

2019–20 financial year. By age of the household's reference person, as shown in the ABS graph. The ABS page does not say whether the values are averages or medians, so treat them as indicative.

Housing

Who buys a first home

  • Ages 35–4425.6% of first home buyers

2019–20. Share of all recent first home buyers in this age group (age of the household reference person). It is not the share of the age group who buy.

Dollar figures are in the dollars of the year shown. Average and median are not the same: the median is the middle value. Not financial advice.

Videos

Video for ages 42–43 coming soon.

Three income scenarios

Illustrative gross incomes: lower about $50,000, middle about $100,000, higher about $200,000 a year. For ages under 18, read these as household incomes. For retirement ages, read them as lower, middle and higher income and savings. They are examples, not official brackets.

~ $50,000 a year

Lower income

Teenage costs rise faster than pay. Cost-of-living support and cheaper activities help stretch the budget.

~ $100,000 a year

Middle income

Two incomes keep things steady. The family car and holiday are balanced with saving for retirement.

~ $200,000 a year

Higher income

Private school fees may be the largest single cost, alongside investing and holidays.

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