Australia's median wealth drops nearly 7% amid rising millionaire population
Australia's median wealth has dropped nearly 7% since 2020, according to a UBS report published on Tuesday. The research highlighted a growing divide, with over 25,000 new millionaires created last year. This trend reflects broader global concerns about wealth inequality, as median wealth declines in the majority of countries analyzed.
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Summary by OZbrief Editorial · The Guardian Australia · Source
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Published 02 Jul 2026, 15:00 UTC · Updated 02 Jul 2026, 15:20 UTC
Summary by OZbrief Editorial. Original report: The Guardian Australia. Editorial policy · Corrections
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