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Approximately 1 in 8 households in Ireland are millionaires

Nov 8, 2022 16:24
By News Northern Sound
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Approximately 1 in 8 households in Ireland are millionaires

As a result, net wealth inequality in Ireland has fallen.

Twelve per cent of Irish households are now millionaires.

That's according to new figures by the Central Bank.

The net wealth is calculated using a combination of liquid, business and property assets.

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CEO of financial website onlineapplication.com, Karl Deeter says soaring property prices are a major component.

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