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Vienna: Distribution of Wealth Highly Unequal

Published: January 3, 2013; 22:19 · (Vindobona)

In Austria´s capital, 30% of the households own 92% of the net assets.

Vienna: Distribution of Wealth Highly Unequal / Picture: © Flickr

In Vienna, inequality is even bigger than in the rest of Austria. More than two thirds of the Viennese citizens do not own more than 8% of the net assets. About 40% of the households have no net assets at all. The richest 10% of the Viennese households own 65% of the net assets.

Besides that, poverty is growing step by step. In 2011, 129,000 persons in Vienna received social…

This article includes a total of 92 words.

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