Austria Shows Growing Inequality in Wealth Distribution

Business › Economy ♦ Published: October 2, 2012; 19:31 ♦ (Vindobona)

According to a study of OeNB (Austrian National Bank), the 3,77 million Austrian households have assets of € 265,033 on average. Median assets reach € 76,445.

Austria Shows Growing Inequality in Wealth Distribution / Picture: © Vindobona.org

The inequality of wealth is bigger than the inequality of income. The size of the average assets held by Austrian households is three times higher than the median size of assets. In total, Austrian households have total net assets of € 1.0bn. 75% of the households have do not have more than € 250,000. 40% of the Austrian households do not possess more than € 50,000. The poorest…

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