Aussies The World’s
- By Personnel Concept
• The median wealth of Australia,
as per the Credit Suisse Global
Wealth Report 2013, is the
highest in the world at
• The median, which represents the
midway point between the highest
and lowest, signifies that half of the
country has more wealth than the
and the rest less.
• As for average wealth per
individual, Australia fares well on
that list too. The average wealth
of an Australian is US$402,578,
coming in second to the Swiss
who have an average wealth of
• Having the highest median
wealth figures indicates Australia
has a better distribution of
wealth than other countries.
While the top 10 per cent in
Australia owns 50 per cent of the
wealth, globally the top 10 per
cent owns 86 per cent of total
wealth and in the US the top 10
per cent owns 74 per cent.
making up only 0.4%
of the world’s adult
population, Australians comprise
about 3.8 % of the top 1% of global
• In keeping with our much better
wealth distribution and average
wealth, more Australians own
higher than USD100,000 than
people in any other county – at
roughly eight times the global
Real estate accounts for much of
While globally real
approximately 45 per cent of net
wealth, in Australia this figure is
about 59 per cent, second only to
This can be due to a combination
of factors, including low
population, with vast, resourceful
land providing ample endowment
opportunities, along with high
urban real estate prices.
• While the above figures certainly present
a positive outlook on our finances, there
is also data to suggest a cautionary
• For while globally wealth increased on
average by about 4.5 per cent last year,
the increase here was only 2.6 per cent.
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