Episode
Australia's Quiet Collapse | How Money Works
- Podcast
- How Money Works
- Published
- Jul 25, 2026
- Duration seconds
- 1455
- Processing state
not_requested
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Summary
Australia's Quiet Collapse Go to https://hensonshaving.com/howmoneyworks and enter "howmoneyworks" at checkout to get 100 free blades with your purchase of a Henson Razor. Sign up for our FREE newsletter! - https://www.compoundeddaily.com/ Books we recommend - https://howmoneyworkslibrary.com/ My Other Channel: @HowMoneyWorksUncut @HowHistoryWorks Edited By: Svibe Multimedia Studio Music Courtesy of: Epidemic Sound Select Footage Courtesy of: Getty Images 📩 Business Inquiries ➡️ [email protected] Sign up for our newsletter https://compoundeddaily.com 👈 All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind. #australia #wealth #money Every year up until its collapse, Credit Suisse would prepare a report that looked at how wealthy the people of countries around the world were. Instead of just looking at GDP per capita which calculates how much the average person in an economy produces in market output every year, this report attempted to calculate the net worth of those people to see how good they were at accumulating wealth over time. Someone with a high income that is spending everything they make on rent and overpriced food isn’t going to grow their wealth as quickly as someone who has a more modest income, but is paying off their own home and is investing diligently into retirement accounts. I like to call this the San Fran Tech Bro Conjecture. But according to these annual reports the Australian people always looked like that second group of slower more deliberate wealth builders. Their raw income isn’t as high as here in America, but they were consistently some of the wealthiest people on the planet.…