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2 months ago General
More than 25,000 Australians became millionaires in 2025, according to the latest UBS Global Wealth Report. While the number of wealthy Australians is growing, the report suggests the gap between the richest households and the rest of the population is widening. Independent economist Saul Eslake explains what drives Australia's growing wealth divide, who counts as "middle Australia", and the role of rising house prices in wealth inequality.
00:00 - Introduction
00:26 - Are the rich getting richer while everyone else falls behind?
02:48 - Who is "middle Australia"?
03:15 - How house prices are widening the wealth divide
05:32 - Will inheritances reduce wealth inequality?
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Read more here: https://www.abc.net.au/news/2026-07-02/ubs-global-wealth-report-australia-millionaires/106869298
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