Transfer over Davos. We would not really feel it, however the typical Australian is richer than the everyday individual in every other nation on the planet, in accordance with a survey.
Australia has seized from Switzerland the worldwide title of getting the very best “median wealth per grownup”, in Credit score Suisse’s 2018 International Wealth Report launched on Friday.
Not solely are Australians comparatively wealthy by international requirements, our wealth is extra evenly distributed throughout the inhabitants than many different international locations, it finds.
Wealth is outlined within the report because the sum of all belongings, together with residential property, deposits, shares and tremendous, minus all money owed – an idea in any other case often called “web price”.
The outcomes present that if each Australian grownup lined up in a row, the center individual would have a web price of $US191,453 – about $270,000 at Friday’s trade fee.