Aussies 'are the wealthiest people in the world'

Thursday 11 October 2012

Article by Mozo

With all the doom and gloom surrounding the economy and the high cost of living, many people will find it hard to take suggestions that Aussies are the richest people on the planet seriously.

However, a new global report published by Credit Suisse showed that Australians have the highest median wealth, with each adult said to be worth just shy of $200,000.

Although the nation was said to have a combined credit card debt in the region of $36 billion at the last count, it seems that Aussies are faring far better than people in other countries.

The report indicated that Australia has the highest proportion of citizens with overall wealth of more than $100,000. In fact, the number of Aussies who have assets with a six-figure value was found to be eight-times higher than the global average.

"These are times of unprecedented economic change, and a radical reconfiguration of the world’s economic order is taking shape," commented Francesco de Ferrari, Singapore-based head of private banking for Asia Pacific at Credit Suisse.

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Aussies 'are the wealthiest people in the world'

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