Irish people are richer than ever – Central Bank data

Independent.ie | Aug 15, 2019 at 12:27 PM
  • Wealth in the State hit a new all time high in the first quarter of this year, according to Central Bank of Ireland data which said that the gains were down to the rising value of household investments that offset a hit from falling house prices.
  • This was despite a drop in house prices, where, according to the bank, two consecutive quarters of declines lopped €2bn off wealth.
  • Despite ultra-low interest rates, households here have remained cautious and ·their  fell by €0.6bn to €136.9bn, or €28,186 per person, its lowest level since 2005.