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Australian Wealth Divide Widens

Updated 2026-07-02 15:10 UTC 1 source Negative

A report by Swiss bank UBS indicates that Australia’s median wealth has fallen almost 7% since 2020, despite the rich getting richer. The country now has over 25,000 more millionaires.

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The Guardian

Australia’s median wealth falls almost 7% since 2020 despite the rich getting richer, report says

Swiss bank UBS finds ‘growing divide between the wealthiest and the broader population’ as country adds more than 25,000 more millionairesGet our breaking news email, f

2026-07-02 15:00 UTC