# Australia's Wealth Divide Widens | Perth News

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Podcast: [Perth News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/perth-news-today-2-min-news-the-daily-news-now-7574199)
Published: 2026-07-03T03:52:46+00:00
Episode link: https://api.fastcast.ai/audio/4c289937-c27c-4c20-a049-7ae822eec415.mp3
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Duration seconds: 137

## Resource

Australia’s wealth gap is widening fast, with the rich getting richer while the average Aussie falls behind. New UBS data reveals average wealth jumped 19% since 2020, but median wealth dropped 7%, leaving most Australians stuck in a stagnant lower bracket. While 25,000 Aussies hit millionaire status last year, the median adult holds just $300K, ranking Australia 52nd out of 56 countries for inequality. Globally, Australia ranks 5th in average wealth ($613K) but 3rd in median wealth — a stark divide. Since 2000, only China has seen a bigger surge in high-net-worth individuals, with ultra-high earners growing by 11% across both $5M–$10M and $50M–$100M brackets. The top is soaring — the middle is sinking. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/950359b20853c352

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