Australian Mercantile Collections

Nouveau riche holiday abroad as economy falters

Nouveau riche holiday abroad as economy falters

New data exposes the spending patterns of Australia’s affluent and how that’s changing the way investment markets work.

It’s a simple question and the answer contains all you need to know about wealth in Australia today.

Who are the rich?

We’re not talking here about the tycoons on the Rich 250 but rather the bedrock of Australian wealth – the mass affluent.

For a ‘‘helicopter view’’ of the wealthy we can take a look at this week’s UBS Global Wealth Report, where we…

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