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Border region has lowest median net wealth of Irish households

May 19, 2022 17:55 By News Northern Sound
Border region has lowest median net wealth of Irish households
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The median net wealth of a household in Ireland is €193,100, but €173,000 in the North and West.

The border region has the lowest median net wealth of Irish households.

CSO figures show net wealth is lowest in the Northern and Western region of the country, which includes Cavan and Monaghan, however it has the lowest average debt,

The CSO today published its Household Finance and Consumption Survey , it found the median net wealth of a household in Ireland is €193,100.

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In the North and West it's €173,300, and is highest in the Eastern and Midlands.

The median value of a main residence is €260,000, but $200,000 locally.

64 per cent of local households have some form of debt including mortgages, loans, credit cards and overdrafts, with a median debt value of €18,200.

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Across the country, 68 per cent of people have some debt, with a median value of €25,000.

Almost 98 per cent of households in the north and west own some form of financial asset like savings, investments and voluntary pensions.

Average savings are worth €9,200, the highest in the country.

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