Friday, January 13, 2006

Australia Net Wealth

According to report by Melbourne Institute of Applied Economic and Social Research The University of Melbourne the median or ‘typical’ household had assets of only about $270,000 and a net worth of about $218,000 in 2002.

Australians’ asset portfolios are dominated by housing. The HILDA Survey data confirm this with housing and other property constituting almost 55 per cent of all household assets and close to 75 per cent of the assets of the median household.

The second largest asset of most households is superannuation, which has become much more widely held, and somewhat more equally distributed in the last 15 years (Kelly 2001). Even so, the median household holds superannuation worth only about $18,000, though this rises to $27,000 once we focus on households in the middle of the wealth distribution. Other holdings of considerable value to some households are business assets and equity investments (such as shares, managed funds and listed property trusts).

Tuesday, January 10, 2006

USA Net Wealth

In USA median net wealth is $86,100 for all American households. And typical income per household was $39,000 in 2003.

Monday, January 09, 2006

Capital Markets Blogs

News on capital markets:

AGM calendar:

Advisor dedicated to improving Economic Value Added:

Discussion page of finance news:

Discussion on world and Australia finance news:

Saturday, January 07, 2006

Wealth and Poverty of Nations

Here is the book about the subject:

The Wealth and Poverty of Nations
by David S. Landes