Great News! We’re All Rich!

Nothing but sparkles…

atest press release from the Central Statistics Office, charting Household Finance and Consumption…

The CSO this week published its Household Finance and Consumption Survey, and it found the median net wealth of a household in Ireland is €193,100.

The median value of a main residence is €260,000.

The median net wealth of households that own their own home is €303,900 compared with €5,300 for rented households

• The median or midpoint net wealth value of Irish households is €193,100
• The median value of households’ main residence is €260,000
• Net wealth is highest in the Eastern & Midland region (Dublin, Kildare, Laois, Longford, Louth, Offaly, Meath, Westmeath, and Wicklow) with a median value of €223,000
• Almost seven in ten (68%) households have some form of debt
• The wealthiest 10% of households have a net wealth of at least €788,400

The CSO today published its Household Finance and Consumption Survey , it found the median net wealth of a household in Ireland is €193,100.

The median value of a main residence is €260,000.

Net wealth is highest in the Eastern and Midland region at €223,000; that includes counties Dublin, Kildare, Laois, Longford, Louth, Offaly, Meath, Westmeath, and Wicklow

That compares with the southern region where net wealth is €181,000 encompassing Carlow, Clare, Cork, Kerry, Kilkenny, Limerick, Tipperary, Waterford and Wexford.

And €173,300 in the Northern and Western region which includes Cavan, Donegal, Galway, Leitrim, Mayo, Monaghan, Roscommon and Sligo

Almost seven in ten households have some form of debt including mortgages, loans, credit cards and overdrafts.

More than nine out of ten households own some form of financial asset like savings, investments and voluntary pensions.