Original article by Michael Read
The Australian Financial Review – Page: 3 : 21-Sep-22

Credit Suisse’s annual global wealth report shows that the median Australian adult had a net worth of $US273,900 at the end of 2021. This makes them richer than the comparable resident of any other country, according to the report. However, Australia ranked fourth on a mean wealth basis, behind Switzerland, the US and Hong Kong. The median Australian adult’s net wealth rose by $US28,450 during the calendar year, boosted by strong growth in share prices and the housing market. The number of millionaires in Australia rose to 2.18 million in US dollar terms in 2021, and Credit Suisse expects this to reach 2.94 million by 2026.

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