The blueprint for Aussie wealth creation may no longer apply
For the past 30 years, the formula for wealth creation and preservation in Australia has followed a predictable pattern. But things have shifted, perhaps irrevocably.
Private wealth is restless. When Australia’s Rich Listers get together to shoot the breeze these days, it’s not the footy finals or the US presidential election that dominate the conversation. The hottest topic is how people are prepping the family wealth for the next global disaster.
Geopolitical uncertainty in the Asia-Pacific region, wars in Europe and the Middle East, and rising community disharmony, here and abroad, are fuelling a sense of personal anxiety and financial foreboding.
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Shaun Cartoon is a partner in Arnold Bloch Leibler’s tax practice.
