Wealthy Australians are worried we might realise how rigged the system is in their favour

‘The current median superannuation balance for men in their early 50s is around $162,000; for women it is $111,000. You really think $3m is anything even remotely possible for most people?’ writes Greg Jericho. Photograph: Bloomberg/Getty Images

We need to talk about wealth. The latest dwelling price figures reveal that for the first time the average home price across the nation is above $1m. While that will quite rightly have people concerned about affordability, we need to also think about what this means for wealth and just how unequal our society has become.

A couple of weeks ago the Australian Financial Review released its latest 200 richest list. It was a list of wealth, not income. Income is how much you earn over a set time – usually a year – whereas wealth is the value of everything you own right now.