The Last Word with Matt Cooper One In Ten Irish Households Are Worth More Than €1m
Jun 11, 2025
A recent report reveals that 10% of Irish households boast a net wealth exceeding €1 million, while the poorest hold less than €2,400. This stark wealth divide sparks a conversation on the economic implications for homeowners versus renters. The discussion dives into the left-wing critique of local property taxes in Ireland, and transitions into a deep analysis of U.S.-China trade agreements and their potential fallout, especially concerning tariffs and key industries. It's a compelling look at wealth and global economic dynamics.
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Rising Median Household Wealth
- The median household wealth in Ireland is €257,000, up 29% since 2020.
- Wealth accumulation is significant across Irish households as per CSO data.
Components of Household Wealth
- Household wealth mainly comprises home equity minus mortgage, along with savings, pensions, and business assets.
- Renters have a median wealth of around €10,000 compared to homeowners' much higher wealth.
Wealth Inequality in Ireland
- The top 10% of Irish households now have median wealth exceeding €1 million.
- In contrast, renters at the bottom have median wealth as low as €2,500.