Richard Boyd Barrett
Question:417. Deputy Richard Boyd Barrett asked the Minister for Finance the most recent figures of total household wealth and the property and financial assets less all liabilities. [41156/21]
View answerTuesday, 27 July 2021
Questions (417)
Written answers
The most recent Quarterly Financial Accounts release, published by the Central Bank, provides financial data for Q4 2020 for all sectors of the Irish economy. In Q4 2020, household net worth increased by 2.9 per cent on the previous quarter and 6.1 per cent year on year to €855 billion. This was made up of financial assets of €441 billion, housing assets of €557 billion less total liabilities of €143 billion.
It should be noted that household net worth does not capture the wealth distribution across the household sector, and may not reflect the underlying experiences of all households. For 2020 as a whole, an increase in social transfers and subsidies, along with a fall in consumption have lessened the impact which unemployment and falling pay have had on household net worth in aggregate.
Question No. 418 answered with Question No. 351.