Australians among wealthiest in the world


A report by Credit Suisse has found that half of all adults in Australia have a net worth above $216,000. That makes the median wealth of Australians the highest in the world.

Despite the global financial crisis, a follow-up sovereign debt debacle in Europe, and natural disasters affecting both Japan and Queensland, Australians remain well off.

According to the latest Global Wealth Report from investment firm, Credit Suisse the typical – or middle of the range Australian – is worth nearly four times the amount of an American. Australians are also significantly better off than their overseas counterparts compared to this time last year.

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