Irish Wealth / net worth distribution

Though we could also notice that that people accumulate wealth quickly after 45 as the 45-65 have 51% of the wealth and represent 13% of the population.
I would not expect under 15 to have any personal wealth really. Then the 15-45 represent 40.2% of the population and the 25-44 27.6%.
 
Premos said:
Though we could also notice that that people accumulate wealth quickly after 45 as the 45-65 have 51% of the wealth and represent 13% of the population.
Click to expand...
Yes, the working people who owned the wealth prior to 2008 are the rich people because the post crash and Covid money printing vastly inflated their wealth.
I prefer to look at it as the the value of labour halving, since just about every form of wealth had doubled relative to labour since the post financial crash rounds of money printing.
 
@Purple

You asked about wealth by age distribution, see below:

Analysis by Age and Debt​

Households where the reference person was aged under 35 were the only age group to see a decline in median net wealth since 2020, with the value decreasing from €27,600 in 2020 to €23,400 in 2023. As wealth accumulates with age and debts are paid off, it is not surprising to see households where the reference person was aged 65 and over having the highest median net wealth of any age group, at €404,200. The reference person is the household member considered to be the most knowledgeable about the financial situation of the household.
 
Might sound good but you have to also take into account the covid inflation since 2020. 2021 ,2022 and 23 had very high inflation rates close to 10 %.
Of course the government has forgotten about indexation and taxes all gains irrespective of high inflation rates
 
Sarenco said:
Median household net wealth is up 29% since 2020.
Click to expand...
CPI index is up 21.4% from April 202 to April 2025, so real increase is less than 8%.

And given that the vast vast majority of that increase (and household wealth) is accounted for by principal private dwelling houses which have even higher rates of increase, it's debatable whether there has been any real increase at all. It is after all very difficult to spend the potential sale price of your home down the shop.

Household wealth is a very poor metric for the economic performance of a country in my opinion. For example (AI summary of a google search so treat with caution obviously) the median net household wealth in Norway is only 4% higher than Ireland's at €268k, but only a fool would argue that the margin between Irish & Norwegian wealth is so slight...
 
Fair enough.

But even an 8% real increase over 5 years is still pretty impressive bearing in mind that we had a pandemic in the intervening period.

I wouldn’t expect Norwegian households to be vastly wealthier than Irish households given the respective tax codes.

However, the Norwegian State is obviously vastly wealthier than the Irish State.
 
BIG-notorious said:
It is after all very difficult to spend the potential sale price of your home down the shop.
Click to expand...
That sentence fundamentally misunderstands what wealth is. Wealth is not the same as income. If people choose to hold their wealth in illiquid assets then they will find it hard to spend it.
 
You must log in or register to reply here.
Back
Top