Previous Next These are the richest households per country

11 July 2018
252 Views

There is increasing recognition that GDP measures or GDP per capita are insufficient when it comes to understanding the true economic well-being of households. That has resulted in research becoming increasingly focused on household income with a higher emphasis on income inequality. A recent OECD paper analysed the distribution of household wealth across 28 countries and it found that wealth inequality is twice the level of income inequality on average.

One of its key findings was that the wealthiest 10 percent of households hold 52 percent of total household wealth on average. By contrast, the 60 percent least wealthy households only own about 12 percent. The situation is by far the worst in the United States where the richest 10 percent of households own 79 percent of the wealth. The bottom 60 percent of American households only own 2.4 percent of household wealth.

The situation is the same in Europe where the inequality gap is particularly wide in some countries. In the Netherlands, 68 percent of wealth is owned by the top 10 percent of households while in Denmark, the figure is 64 percent. The OECD found that in both countries, the share of wealth held by the bottom 60 percent of households is negative, meaning that on average, they have liabilities exceeding the value of their assets.

source: statista

You may be interested

Brexit deal agreed, UK media report
POLITICS
shares22 views
POLITICS
shares22 views

Brexit deal agreed, UK media report

makis - Nov 13, 2018

According to reports in British media, an agreement has been reached between European Union and UK negotiators on a text…

Sports columnist Panoutsos and ex-SYRIZA MP & writer Tatsopoulos join ND
POLITICS
shares13 views
POLITICS
shares13 views

Sports columnist Panoutsos and ex-SYRIZA MP & writer Tatsopoulos join ND

makis - Nov 13, 2018

Well-known sports columnist and football pundit Antonis Panoutsos and writer and former SYRIZA PM Petros Tatsopoulos will be running as…

Plaka: Around the district of “Gods”
GREECE
shares623 views
GREECE
shares623 views

Plaka: Around the district of “Gods”

Panos - Nov 13, 2018

It is the oldest district in Athens (it is also mentioned as “Gods’ district”) with outstanding scenery. The moment you…

Leave a Comment

Your email address will not be published.