[New post] Australians are wealthier than before COVID, but half the population holds over 95% of the wealth

roymorgansocial posted: "Original article by Roy Morgan Market Research Update - Page: Online : 3-Jul-23 The sixth edition of the Roy Morgan Wealth Report provides the full picture of individual Australians' wealth and how that has changed during COVID-19. The report shows that " ABIX Australians are wealthier than before COVID, but half the population holds over 95% of the wealth roymorgansocial Jul 3 Original article by Roy Morgan Market Research Update - Page: Online : 3-Jul-23 The sixth edition of the Roy Morgan Wealth Report provides the full picture of individual Australians' wealth and how that has changed during COVID-19. The report shows that after inflation, Australia's wealth increased by 7.0% between March 2020 and March 2023, driven largely by the soaring value of owner-occupied homes (up 43.2% from $4.16 trillion to $5.95 trillion). The value of debt increased more quickly than the value of assets (53.0% vs. 22.2%), but not enough to stop the growth in overall wealth; the value of assets is now six times higher than the value of debt. Half the population now accounts for 95.4% of the nation's net wealth. Watch our special End of Financial Year Wealth Report webinar with Roy Morgan CEO Michele Levine and finance and investment journalist Alan Kohler at https://www.youtube.com/watch?v=p2QW7kMF8dI. CORPORATES ROY MORGAN LIMITED Comment You can also reply to this email to leave a comment. Unsubscribe to no longer receive posts from ABIX. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: http://abix.com.au/2023/07/03/australians-are-wealthier-than-before-covid-but-half-the-population-holds-over-95-of-the-wealth/

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