Australia’s net worth tumbled in the two years Tony Abbott and Joe Hockey were PM and treasurer -- by a staggering $114.6 billion. It has collapsed by a further $76.2 billion since Turnbull took over.
The Coalition has drastically worsened the nation’s net worth, and thus doomed future administrations to crippling interest payments, writes economics reporter Alan Austin.
Subtract what you owe from what you own and you've got your net worth, a far more concrete way of comparing wealth than just looking at incomes. Is making that info public the best way to shame yourself into saving?
Compared to overseas precedents and Richard Pratt’s own net worth, negotiating a $40 million fine for being caught red handed in a multi-billion price fixing scam looks to be one of Pratt’s most astute deals ever, writes Adam Schwab.
