Where Australia stands in credit Suisse wealth report
The 2013 Credit Suisse – Global Wealth Report aim to provide the most comprehensive study of world wealth and progress of wealth accumulation among individuals and countries.
The report is made for Credit Suisse in collaboration with Professors Anthony Shorrocks and Jim Davies
This report measures and analyze trends in wealth across nations, from the very bottom of the “wealth pyramid” to ultra high net worth individuals.
Global wealth has reached a new all-time high of USD 241 trillion
According to the study, Australia can be said to be the “lucky country”, with Australians said to be the richest people in the world, by at least one measure.
The median wealth of adult Australians stands at $US219,505 ($233,504) – the highest level in the world, according to the Credit Suisse 2013 Global Wealth Report, released on Wednesday.
The number of Australian millionaires increased by 38,000 to 1.123 million people and about half of the rise in Australian wealth is said to be due to dollar rate exchange appreciation.
The study measures median wealth as a average middle point between richest and poorest, and has measured that 50 per cent of the population has more than $233,504, and 50 per cent less than that, making the Australians to be quite wealthy according to this report , specially when you take the sparse population into account.
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