Australians are the richest people in the world
Oct 20th 2011, 9:14 pm
#1
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Australians are the richest people in the world
Oct 20th 2011, 9:25 pm
#2
Lost in BE Cyberspace
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Re: Australians are the richest people in the world
I would have thought that places like Saudi Arabia and other oil rich states would have thrown up these stats. Isn't Luxembourg and Monaco supposedly wealthy as well.
Australia has been the Wealthiest Country before... back in the early 1900's.... Not that most of it's inhabitants would feel wealthy. I guess thats relative though.
I was genuinely shocked how cheaply my father is selling his very well kept and well provisioned 3bed 2 bath house in Prestatyn (Frith beach way sub 100k). So when you look at stats like that... combined with the fact that the majority of people in Aus must bump the house price stats up by living in Cities.
Australia has been the Wealthiest Country before... back in the early 1900's.... Not that most of it's inhabitants would feel wealthy. I guess thats relative though.
I was genuinely shocked how cheaply my father is selling his very well kept and well provisioned 3bed 2 bath house in Prestatyn (Frith beach way sub 100k). So when you look at stats like that... combined with the fact that the majority of people in Aus must bump the house price stats up by living in Cities.
Oct 20th 2011, 9:26 pm
#3
Almost more Oz than Pom
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Re: Australians are the richest people in the world
I can well believe that the average Aussie is worth $220,000 when you take into account equity in a house plus superannuation - what I find hard to believe is that other developed countries aren't as well off.
Oct 20th 2011, 9:29 pm
#4
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Re: Australians are the richest people in the world
I think it relates to low credit card debt and small education loans
Oct 20th 2011, 9:32 pm
#5
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Re: Australians are the richest people in the world
I can understand a family being worth $220,000 when you take into account home equity, future superannuation, cars etc but as has been said surely the same applies to most Western nations ? It's not actually money in the pocket is it ?
Oct 20th 2011, 9:34 pm
#6
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Re: Australians are the richest people in the world
Exchange rate fluctuations have influenced the results as well.
Oct 20th 2011, 9:36 pm
#7
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Re: Australians are the richest people in the world
It will be money in your pocket soon ? How's that sale going...any luck yet?
Oct 20th 2011, 10:02 pm
#10
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Re: Australians are the richest people in the world
$220k is the median figure - not the average. Richest country with an average of $220k each is Switzerland. Australia is number 2 on averages.
My theory is it's entirely due to super. As super is compulsory and held in your name, it's tangible and countable and can be offset against other debt (for the purposes of this survey - not in reality).
Not so easy in countries with no compulsory super and where people rely more on a central pension source.
My theory is it's entirely due to super. As super is compulsory and held in your name, it's tangible and countable and can be offset against other debt (for the purposes of this survey - not in reality).
Not so easy in countries with no compulsory super and where people rely more on a central pension source.
Oct 20th 2011, 10:08 pm
#12
Possum. Amiculum. Latrina
Joined: Jan 2011
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Re: Australians are the richest people in the world
$220k is the median figure - not the average. Richest country with an average of $220k each is Switzerland. Australia is number 2 on averages.
My theory is it's entirely due to super. As super is compulsory and held in your name, it's tangible and countable and can be offset against other debt (for the purposes of this survey - not in reality).
Not so easy in countries with no compulsory super and where people rely more on a central pension source.
My theory is it's entirely due to super. As super is compulsory and held in your name, it's tangible and countable and can be offset against other debt (for the purposes of this survey - not in reality).
Not so easy in countries with no compulsory super and where people rely more on a central pension source.
Oct 20th 2011, 10:12 pm
#13
Lost in BE Cyberspace
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Re: Australians are the richest people in the world
$220k is the median figure - not the average. Richest country with an average of $220k each is Switzerland. Australia is number 2 on averages.
My theory is it's entirely due to super. As super is compulsory and held in your name, it's tangible and countable and can be offset against other debt (for the purposes of this survey - not in reality).
Not so easy in countries with no compulsory super and where people rely more on a central pension source.
My theory is it's entirely due to super. As super is compulsory and held in your name, it's tangible and countable and can be offset against other debt (for the purposes of this survey - not in reality).
Not so easy in countries with no compulsory super and where people rely more on a central pension source.
Oct 20th 2011, 11:14 pm
#14
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Re: Australians are the richest people in the world
Oct 20th 2011, 11:24 pm
#15
Mostly Harmless
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Re: Australians are the richest people in the world
It depends on your penchant for bananas.