Richard Boyd Barrett
Question:171. Deputy Richard Boyd Barrett asked the Minister for Finance the total household wealth here including all property and financial assets less all liabilities. [36315/17]
View answerWednesday, 26 July 2017
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The Central Bank calculates household net worth at an aggregate level as the sum of household housing and financial assets minus their liabilities. According to its most recent Quarterly Financial Accounts, as of Quarter 4 of 2016 household net worth stood at €654 billion. The breakdown is provided in the following table.
Household Net Worth (€ billions)
|
Date |
Financial Assets |
Liabilities |
Housing Assets |
Net Worth |
|
2016 Q4 |
368 |
-155 |
441 |
654 |
The Central Bank indicates that it uses an estimate of housing assets based on the size and value of housing stock with the value of housing obtained from the CSO’s ‘Residential Property Price Index’ (RPPI). Further details can be found in the Quarterly Financial Accounts Statistical Release which can be accessed on the Central Bank’s website (https://www.centralbank.ie/statistics/data-and-analysis/financial-accounts).