In the pandemic, when it felt like everything was falling apart, wealth got on the elevator and kept going up. As the next graph shows, Australian wealth had a banner year in 2020 because of low spending, low interest rates and a sharemarket that recovered its early losses.
Full Article- Weird signs and ominous warnings as Australia’s millionaire ranks grow wildly (msn.com)
Interesting. Few people would have predicted after Covid had broke out that basically, two years later the rich would still have got richer. Financial assets, such as Stock market & Property, have performed very strongly.
Of the wealthiest places, only HK has taken a hit- because of the politics, not the virus- and the PetroSheikdoms.