My IQ dropped 20 point by looking at that statistic. Malta really? 🙄
Italian_Saffa_Boy on
probably, but most wealth is in primary residence. I know some folks who bought a place 10 years ago for a goat and bottle of cremant and they now want over a million for it.
Formal_Pace5577 on
In the whole world the primary residence is the main vehicle for wealth for the middle class.
So if real estate is high the wealth will increase, because also luxembourg has 65-70% of their residents owning their home.
This is normal.
Engineering1987 on
To give this a bit more context, the average resident in Luxembourg is 42 years old.
Per household also means there are usually two people invovled, so it’s about 350k wealth per person at the age of 42 in average.
That’s 3000€ per month over a period of 10 years either invested or put into a loan, completely neglecting gains/interest on those investments.
That’s nothing out of the ordinary in my opinion.
samostrout on
I live in Malta and this is bs. This is just Tunisia with Euro as currency
notscherle on
Yeah, Germany is poorer than Greece
bowser2lux on
i wich
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Does it exclude primary residence or not?
My IQ dropped 20 point by looking at that statistic. Malta really? 🙄
probably, but most wealth is in primary residence. I know some folks who bought a place 10 years ago for a goat and bottle of cremant and they now want over a million for it.
In the whole world the primary residence is the main vehicle for wealth for the middle class.
So if real estate is high the wealth will increase, because also luxembourg has 65-70% of their residents owning their home.
This is normal.
To give this a bit more context, the average resident in Luxembourg is 42 years old.
Per household also means there are usually two people invovled, so it’s about 350k wealth per person at the age of 42 in average.
That’s 3000€ per month over a period of 10 years either invested or put into a loan, completely neglecting gains/interest on those investments.
That’s nothing out of the ordinary in my opinion.
I live in Malta and this is bs. This is just Tunisia with Euro as currency
Yeah, Germany is poorer than Greece
i wich