11,000 More Australian Millionaires Last Year

[Aussiejeff]

Well, that is what this mob reckons....

http://www.news.com.au/business/story/0,23636,23920031-31037,00.html

On the flip side, I wonder if more than 11,000 families dropped below the poverty line at the same time....?


AJ

 

[MRC & Co]

Well, that is what this mob reckons....

http://www.news.com.au/business/story/0,23636,23920031-31037,00.html

On the flip side, I wonder if more than 11,000 families dropped below the poverty line at the same time....?


AJ

More like 110,000+ families dropped below the poverty line.

 

[Knobby22]

Well, that is what this mob reckons....

http://www.news.com.au/business/story/0,23636,23920031-31037,00.html

On the flip side, I wonder if more than 11,000 families dropped below the poverty line at the same time....?


AJ

Note: it is US$1,000,000 excluding the family home.
If it included the home there would be many more.

 

[pepperoni]

Note: it is US$1,000,000 excluding the family home.
If it included the home there would be many more.

What $1m these days, especially if the family home thats being excluded is only worth a few hundred grand .... and worse still is "stagnating for years", if not "plummeting"

 

[Julia]

How is this determined? I always have thought it was one's net assets but recently heard the suggestion it was earning capacity, e.g. an income of $1M p.a. I doubt that that's right.

Gee whiz, $1M isn't exceptional these days is it, particularly with the way the cost of living is rising.