Irish Wealth / net worth distribution

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
 
The graphics would imply that given that they mention HMR (Household Main Residence).
 

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
 
DC pension funds and ARFs are clearly vehicles/wrappers holding assets, they are an element of household wealth.

To exclude them would be ignoring a large part of household wealth.
 
Is the net wealth figure including net equity in property?
interesting, but most peoples real assets are illiquid.
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.
 
Interesting info. As an aside, this chart is almost impossible to read if you are colourblind which is about 5% of the population. I have emailed the website accessibility officer asking them to improve their colour schemes, very easy to do.
Comfortably more than 5% of the population are too thick to read it - what should we do about that :oops:
 
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.
Think you’re forgetting about the concept of downsizing. Understandable considering we see so little of it in Irish society :)
 
It's welcome to see continued decreases in wealth inequality in Ireland, to well below the euro area as a whole, and most other European countries. (at the same time,
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 worry about younger people's ability to buy a house in Ireland)

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 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.

Are you counting everybody under 45, i.e. including children?

Or people aged 18-45?
 
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