The Top 10 Countries – Average Wealth Per Person
The average wealth per adult in New Zealand is $400,800 (USD). “The term wealth is defined as the value of financial assets plus real estate (housing) owned by the households, less their debts,” according to the report.
“The size and wealth of the middle class globally grew quickly before the financial crisis but this has since subsided with rising inequality squeezing the share of wealth”.
New Zealand is followed by Australia with an average wealth of $364,900. With an average wealth per adult of $353,000 the US ranked 4th and the UK ranked 6th with $320,400.
For the top ten countries with the highest average wealth per adult please see below.
- Switzerland ($567,100)
- New Zealand ($400,800)
- Australia ($364,900)
- United States ($353,000)
- Norway ($321,400)
- United Kingdom ($320,400)
- Sweden ($311,400)
- Singapore ($269,400)
- France ($262,100)
- Belgium ($259,400)
According to the Global Wealth Report over 50 per cent of New Zealand’s qualify as middle class in New Zealand.
Middle class is defined as “a wealth band instead of an income range that uses the US as a benchmark country, where a middle-class adult is defined as having wealth between $50,000 and $500,000 at mid-2015 prices, plus local purchasing power.”
Article Source: Business Insider Australia, Chris Pash, October 15, 2015.
Image Source: Wikipedia