Oireachtas Joint and Select Committees

Wednesday, 27 February 2019

Committee on Budgetary Oversight

Macroeconomic Analysis and Fiscal Risks: Central Bank of Ireland

Photo of Richard Boyd BarrettRichard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance) | Oireachtas source

If I read the Central Bank's table correctly, household wealth is now as great as it has ever been. It has increased dramatically both in terms of financial and property assets. One can look at that alongside the Central Statistics Office survey on income and living conditions, SILC, reports on the distribution of those assets, which show a very high concentration. I believe they show that the top 10% own 58% of it. Is the over-concentration of wealth, both property and financial, in the hands of a very small number of people a vulnerability when we speak of risks and vulnerabilities in an economy?

Comments

No comments

Log in or join to post a public comment.