Australia’s median wealth falls almost 7% since 2020 despite the rich getting richer, report says

According to a new report from Swiss bank UBS, Australia's median wealth has fallen nearly seven percent since twenty twenty, even as the country added more than twenty-five thousand millionaires last year. The global report found close to a million new millionaires were created worldwide in twenty twenty-five—a record for a single year—highlighting a growing divide between the wealthiest and the broader population.

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