New Zealand is one of the most prosperous countries in the world and it has been proven with a report showing that New Zealanders are fourth in the world median wealth per adult. 214,000 New Zealanders were able to register in the top 1 per cent of the global wealthiest. There was also $1.97 million New Zealanders in the top 10 per cent of the wealthy.
Interestingly, our nearby neighbours in Australia have been ranked number one for the highest median wealth.
The report was produced by Credit Suisse and is titled the Global Wealth Report for 2021. In the report it showed Belgium was in 2nd place and then Hong Kong in 3rd place. Australians had a median wealth of US$238,00 and New Zealanders with a US$171,000 median. New Zealanders have had a prosperous year despite the onset of Covid and even increased their median by $7000 over the previous year. This is in contrast to people in other countries where Covid has ravaged economies and taken thousands of lives.
Worldwide there was a strong increase in wealth with a rise of $28.7 trillion US dollars to US$418 trillion. Millionaires around the world also increased with 5.2 millionaires being added making it a total of $56 million millionaires.
The rise of Australia and New Zealand in the rankings is partly due to the strength of the Australian and New Zealand dollars against the US dollar.
The wealth of New Zealanders has helped with the economy with spending on retail booming. Stores such as Gorman have been doing well. When you’re shopping at Gorman, look out for Gorman free shipping offers that come up often.
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