"Thanks to their houses, Australians are the richest people in the world, according to the investment bank Credit Suisse.
The fifth annual study by the Swiss bank of global wealth trends found the median Australian adult was worth more than $US225,000 ($258,000) in June, well ahead of the second wealthiest population on this measure, the Belgians, at $US173,000.
They were followed by the Italians, French and British, all at around $US110,000.
Only 6 per cent of Australians have wealth below $US10,000, compared with 29 per cent in the United States and 70 per cent for the world as a whole.
Household wealth in Australia is heavily skewed to "real assets" – essentially property – which average $US319,700 per household, or 60 per cent of gross assets."
Friday, October 17, 2014
Who are the richest people in the world?
Australians. See Property makes Australians the world’s richest, says Credit Suisse. Excerpts: