surely the only meaningful statistic is average irish wealth per capita or median wealth per capita and compare that to our european peers. So our national wealth is now 1200 billion euros so what ?, it just shows we are getting gradually wealthier but per capita we are still only moderately wealthy with many countries like UK, France and Germany alot wealthier
Irish Wealth / net worth distribution
- Thread starter SPC100
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Wealth per household or per person is in the CSO HFCS.
fistophobia
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Is the net wealth figure including net equity in property?
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Average Net Worth by Country 2025
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but per capita on a global scale we are moderately wealthy, with US, Canada, Australia, UK, France etc alot wealthier, of course if you click on the GDP per capita tag on the graphic you see Ireland at the top. However this is grossly misleading as GDP is mostly multinational productivity not real wealth, however net wealth per capita actually is informative and shows we are a moderately wealthy country but nothing to be jumping up and down about either except in comparison to where we were back in the 1980s
Yes.
Net wealth = gross wealth minus liabilities
Gross wealth = real assets + financial assets
fistophobia
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interesting, but most peoples real assets are illiquid.
BIG-notorious
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People like their homes to have higher potential sale price. It makes them feel wealthy even though a higher sale price on the same property adds zero value. But whoop whoop my house has shot up in value since I bought it so I'm part of the wealthier classes now for the nothing whatsoever that that's worth to me.
We could be a considered a nation of accountants in many respects- we know the price of everything and the value of nothing...
In terms of pension and wealth, in some countries, like France for example, pensions are more like public service pensions. So people don't actually need to accumulate a pension fund. The comparison is a bit skewed as French people don't need to use their assets/wealth for their retirement to the same extent.
torblednam
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Comfortably more than 5% of the population are too thick to read it - what should we do about that
I fear I may be in both camps!Comfortably more than 5% of the population are too thick to read it - what should we do about that
Think you’re forgetting about the concept of downsizing. Understandable considering we see so little of it in Irish society
And inter generational wealth.
There was very little wealth in Ireland until the 1990’s so it’s unsurprising that the Celtic Tiger property boom reduced wealth inequality. It’s kind of levelled off since.
I’d be very interested to see the distribution by age and that change over time.
@Protocol, There are 4 times as many people under the age of 45 (60%) as there are over the age of 65 (15%) yet those over the age of 65 hold 32.8% of the nations household wealth while those under 45 hold 16.2% of the nations household wealth. That means that retirees are, on average, almost 8 times as wealthy as those under the age of 45.
There's nothing wrong with that as they have accumulated wealth throughout their lives (most of it unearned but that's a different discussion) but it does clarify who "The Rich" are in this country.
There's nothing wrong with that as they have accumulated wealth throughout their lives (most of it unearned but that's a different discussion) but it does clarify who "The Rich" are in this country.