Australian Household Wealth Hit a Record $14.9 Trillion in Q1 2022 Rising 15.3 per cent Over the Year

Australia’s total household wealth hit a record $14.9 trillion at the end of March, the Australian Bureau of Statistics said Thursday. Australian household wealth increased by 15.3 per cent in the year to March 31, it grew by another 1.2 per cent in the first quarter of the year and surged 35.5 per cent since the beginning of the COVID-19 pandemic. In comparison Americans’ household wealth took a hit in the first quarter of 2022, it fell to $149.3T. Both … Continue reading “Australian Household Wealth Hit a Record $14.9 Trillion in Q1 2022 Rising 15.3 per cent Over the Year”