Economists at ANU have used a simulation model and other data to update the Australian Bureau of Statistics household wealth distribution. The ABS haven't done a detailed survey since the pandemic.
These figures are higher than recent estimates by the Grattan Institute. I believe these more. Due to data limitations they only estimate the threshold for the top 1% for all age groups together. I am guessing based on this that the top 2% is around $8.5 million. So, we are just on the borderline of the top 2% but a bit lower among households with a head between 60 and 64 years old.
I am surprised by the high estimate net worth to be in the top 5% of 25-29 year olds!
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