Property makes Australians the World’s Richest, Says Credit Suisse

This is interesting.
I never thought of Australians as being the world's richest people.


Property makes Australians the world’s richest, says Credit Suisse

Thanks to their houses, Australians are the richest people in the world, according to the investment bank Credit Suisse.

The fifth annual study by the Swiss bank of global wealth trends found the median Australian adult was worth more than $US225,000 ($258,000) in June, well ahead of the second wealthiest population on this measure, the ­Belgians, at $US173,000.
(less than 50%)

read more here:
[link to www.smh.com.au]




We're living in a First World bubble

A common criticism of our political leaders is they're "out of touch" with the general public yet, if you examine the preoccupations of average Australians, they suggest we're the blinkered ones.

As forces both destructive and constructive, powerful almost beyond comprehension, roil across the globe - be they religious, geopolitical, environmental or technological - the unruly rump of our population is more focused on silly TV shows, sport, their smartphone, sandwich fillings and property prices.

Why? Because this is their defining reality, living in the gilded First World bubble enveloping this country.
(less than 50%)

read more here:
[link to www.smh.com.au]