Australians who aren't rich have been slammed for being too comfortable with a lower level of wealth, as the economy rebounds from the Covid recession. The Australian Securities Exchange is on the verge of hitting a record high this week with the benchmark S&P/ASX200 on Monday morning reaching a 14-month high of 7,092.7 points. That means the share market is only 1.5 per cent below the all-time high of 7,197 points set in February 2020 a month before the Covid shutdowns, having surged 47 per cent during the past year. CMC Markets chief market strategist Michael McCarthy said there was a 'very good chance' the Australian share market would a new peak this week, despite the slow vaccine rollout as investors took inspiration from healthy US earnings results.