Business
Market sell-off abetted 11pc hit to household wealth – The Australian Financial Review
The decline in the financial wealth of Australian households in the first three months of 2020 was partly triggered by the fearful flight from stocks and bonds…
Of the 20 countries analysed, Chile was the only one to experience an increase in shareholdings while 19 saw a decrease. Seventeen saw an increase in cash holdings.
Australia’s percentage change in the composition of financial assets over the three-month period was among the most marked, with a decrease in holdings of securities (mainly bonds) of just over 20 per cent (second only to Spain) and a decrease in share holdings of just over 5 per cent.
Cash holdings in Australia increased by about 2…
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