It might not feel like it to a lot of Australians, but we have just overtaken Switzerland as the wealthiest people in the world.
In its Global Wealth Report 2018, Credit Suisse puts the median adult wealth of Australians at $US191,453 ($264,903).
That means half of Australians are wealthier than that, and half are not.
Credit Suisse says the typical Australian's position is thanks to high average wealth — courtesy of our compulsory superannuation system and high property prices — combined with relatively low wealth inequality.
The report also notes that Australia's reliance on property prices (60 per cent of our assets are "non-financial") is higher than a lot of other places.
Globally, the median wealth per adult is $US4,210 ($5,820).
What should I read next?
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Want more charts?
This is part of a series featuring charts which tell a story. If you know of some data that fits the bill, we'd love to hear about it.
- Australia pipped by Switzerland for debt world title
- There are 12 other things that cost households more than electricity
- Two Aussies among world's top 20 fastest-rising billionaires
- If you're born poor, it takes until your great-great grandchildren to overcome it
