Feeling rich? New Zealand ranks sixth in the global wealth report



New Zealand is the sixth richest country in the world.

According to the United States, Belgium, Switzerland, Norway and Australia, Credit Suisse ranks among adult wealth, according to the Global Wealth report.

But wealth is unevenly shared, and when it comes to income median, New Zealand falls to eighth.

The United States, which voted in the middle of the polls this week, even thanks to top inequalities, does not increase the average per capita wealth in ten countries.

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To measure per capita median wealth, Australia ranks among the best place in the world to be a common, honest and hardworking person.

The Credit Suisse report is published once a year and claims to be the most comprehensive global report on household wealth.

Because of the inclusion of countries, the wealth of households covers the US dollar.

His wealth of household wealth includes both financial wealth, such as pension savings and entrepreneurial wealth, but also wealth associated with the house.

The relative value of households may result in some countries getting much on the list, while other countries where less priced houses record less.

Germany, the economy of Europe's energy houses, ranked 19th in the wealth of adults.

The inequality researcher Max Rashbrooke said, "Credit Suisse will work in Reserve Bank numbers, which is based on what our houses are valued for, and they are so colossally overvalued."

New Zealand can be far from anywhere, but it's one of the richest places on the planet.

123RF

New Zealand can be far from anywhere, but it's one of the richest places on the planet.

And Rashbrooke added, "The wealth figures are extremely unreliable."

Among the Labor and Green policies that targeted the campaign were the cancellation of incomes of the poorest households and the increase in home ownership.

Rashbrooke said it would be a few years before the figures were quantified to assess their impact on wealth inequality.

The Worldwide Living Living Fund of the International Monetary Fund introduces New Zealand as a special case of high house prices and says: "Household valuation metrics have led New Zealand above other OECD countries after a large increase in price / yield and rental rates since 2000."

The IMF said that the wealth of housing in New Zealand is the result of a number of factors, including New Zealand, who prefer larger houses.

However, he pointed out the influx of loans and the fact that the country did not create enough households at high prices.

"In combination with a relatively easy credit, as banks are taking part in mortgage market shares, low interest rates have boosted housing loans and supported higher property prices," the IMF said.

Worldwide, Credit Suisse estimated that an adult is a wealth of $ 63,100 (NZ $ 93,670), which was not evenly distributed between countries and regions.

"Nations with a wealth of one adult over $ 100,000 are located in North America, Western Europe and among the rich countries of Asia and the Pacific," the report said.

Switzerland (USD 530,240), Australia (USD 411,060) and the United States (USD 403,970) have led the maturity table to an adult.

Behind them were Belgium ($ 313,050), Norway-rich oil ($ 291,100) and New Zealand ($ 289,800).

Canada, Denmark, Singapore and France rounded off at the top 10.

But when the rankings became middle-ranked, New Zealand slipped from two places behind Australia, seven down the ladder.

"Middle adult wealth rankings favor countries with a lower level of wealth inequality," said Credit Suisse.

"This year, according to our estimates, Australia came first in front of Switzerland."

Since the global financial crisis, they have raised concerns about the wide level of inequality of wealth in individual countries.

The Oxfam Poverty Campaign Group also produces reports on global wealth. It is the latest report, released in January, that wealth was not acquired but inherited.

"There is growing evidence that the current levels of extreme inequality far outweigh what can be justified by talent, effort and risk," he said.


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