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Australians suddenly richer as statistician "finds" $338 billion
Australians are suddenly a whole lot better off after the government statistician "found" A$325 billion ($338 billion) in share assets previously unrecognized. The Australian Bureau of Statistics on Thursday released its latest report on household assets which included massive upward revisions to estimates for equity holdings. Total financial assets were now put at A$3.1 trillion at the end of March, compared to the originally reported A$2.77 trillion. The revision is worth roughly A$14,380 for every one of the country's 22.6 million people. "This issue incorporates new estimates for households holding of unlisted ... (full story)
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