This year's CreditSwisse Global Wealth Report shows the same result as last year for Australia. On a Median basis of net wealth per adult, we're the world's wealthiest country by a country mile. Next closest is Belgium, followed by Britain, Italy and France at equal third place (with half the net wealth per adult that we have).
Check it out at,
https://publications.credit-suisse.c...41B58C5EA591A4
I feel like buying another telescope.
The following extract from page 57 of the report says it all.
"
Despite this recent slowdown,
Australia’s wealth per adult in 2014 is USD 430,800, the
second highest in the world after Switzerland. Its median wealth
of USD 225,400 is the highest in the world.
Interestingly, the composition of household wealth in
Australia is heavily skewed towards real assets, which averaged
USD 319,700 and form 60% of gross household assets. This
average level of real assets is the second highest in the world
after Norway. In part, it reflects a large endowment of land and
natural resources relative to population, but it is also a result of
high urban real estate prices.
Only 6% of Australians have net worth below USD 10,000,
which can be compared to 29% in the USA and 70% for the
world as a whole. Average debt amounts to 20% of gross
assets. The proportion of those with wealth above USD
100,000 is the highest of any country – eight times the world
average. With 1,783,000 people in the top 1% of global wealth
holders, Australia accounts for 3.8% of this wealthy group"