Clepch between poor and rich: Austria in 4th place in Europe!
Clepch between poor and rich: Austria in 4th place in Europe!
The property in Europe is a explosive topic that, according to UBS Global Wealth Report 2024, has been inconsistent. The report analyzes the distribution of assets in twelve European countries and uses the Gini coefficient as a yardstick for the unequal distribution. A value of 0 shows complete equal distribution, while higher values indicate greater inequality. With a gini value of 75, Sweden occupies the sad top position, followed by Germany (68), Switzerland (67) and Austria (65) as a four-bad country in Europe. In contrast, Belgium has the most even wealth distribution with a Gini value of 46.
In the world prosperity report, it also becomes clear that the situation in the euro zone is alarming: the richest 10% of the population now have 57.3% of total net assets, which is an increase of 2.8 percentage points since 2009. This inequality has also affected the global distribution of assets, whereby the upper 10% of the global population control around 85% of the assets, which corresponds to around 270,000 euros per person.
regional differences in Europe
The developments vary greatly between European countries. In Western Europe the picture is more mixed; While in Finland the Gini index has risen by 21% to 64 points since 2008, Spain has an increase of 20% (from 47 to 57) and Italy has around 15% (from 50 to 57). Denmark experienced an increase of 11% (from 56 to 62). In Eastern Europe, on the other hand, assets tend to increase.
A more precise view of the distribution of assets is particularly important in times of crisis. The report emphasizes that high -grade inequalities in times of inflation or other crises are increasingly focusing on. This requires a differentiated analysis at household level to make political measures in a targeted manner.
Germany in an international context
Due to the complex economic situation, including the effects of Russian attack on Ukraine and increasing inflation, its rank among the wealthiest countries has lost and now in 19th place. While Germans are often on traditional investments such as savings books, Austrians are increasingly investing in the financial market. These different investment behavior are reflected in the current asset statistics.The fact that the top 10% of the population in Germany have around 61.2% of total assets is particularly worrying, while the lower 50% only make up 2.3%. The assets of the poorer households largely consist of low -risk systems, whereas wealthier households invest strongly in capital market values, real assets and real estate.
A new data collection by the European Central Bank, the "Distributional Wealth Accounts" (DWA), was published in 2024 and offers experimental data on financial key figures for all member states of the euro area. This data combine household surveys with the financial balance sheet and enable a more recent mapping of the distribution of assets.
The challenges that result from this unequal distribution of assets require a quick action by political decision -makers. In the future, the discussion about property inequality will continue to be a central component of the economic policy agenda, both in Germany and all over Europe.
For more details on these topics: Kosmo href = "https://www.tagesschau.de/wandwandwirtschaft/weltwohldsbericht-100.html"> Tagesschau , BMWK
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