Nonono hold on you misunderstand, now we just have to wait for the trickle down. 🤣 🤥

I think the author understands it's just a shit headline.

But this masked a nearly 7% contraction in the median wealth of Australian adults over the period, suggesting expanding wealth has favoured those at the top.

I don't understand how they're counting / defining "millionaires", is it by annual income or net wealth.

Middle Australia’s wealth is going backwards while the richest claim an ever-greater share of the pile, according to new research that shows more than 25,000 people across the country became millionaires last year.

A number this low suggests they're talking about the number of people who earn $1m in a year.

However, later in the article they count "median wealth" by net assets, as if the number of millionaires is contextual.

Millions of Australian's would "become millionaires" each year in terms of net assets.