Wealth Gap Widens in Australia: New Research Reveals Alarming Trend A stark contrast is emerging in Australia's economic landscape, with the country's wealthiest individuals experiencing unprecedented growth while the middle class struggles to keep pace. According to a new report from Swiss bank UBS, over 25,000 new millionaires were added to Australia's ranks in 2025, contributing to a growing divide between the haves and have-nots. Meanwhile, the wealth of middle Australia is actually declining, highlighting a worrying trend that threatens to exacerbate social and economic inequalities. As the global wealth gap continues to widen, experts are sounding the alarm on the need for policy interventions to address this pressing issue.
Swiss bank UBS finds ‘growing divide between the wealthiest and the broader population’ as country adds more than 25,000 more millionairesGet our breaking news email, free app or daily news podcastMiddle Australia’s wealth is going backwards while the richest claim an ever-greater share of the pile, according to new research that shows more than 25,000 people across the country became millionaires last year.The latest global wealth report from the Swiss bank UBS said 2025 marked “an extraordinary year”, in which close to a million new millionaires were created worldwide – a record increase in a single year. Continue reading...
