Oireachtas Joint and Select Committees

Wednesday, 16 November 2022

Committee on Budgetary Oversight

Report of the Commission on Taxation and Welfare: Discussion (Resumed)

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

We were discussing a figure for the breakdown of household wealth here the other day, though maybe it was in the finance committee. Net household wealth is in excess of €1 trillion. How many family homes are there roughly? Perhaps 1.5 million. We could multiply that by the average house price of €300,000. I do not know what the exact maths are but it probably ends up being 40% or 50% of that €1 trillion. Is that, therefore, the majority of our wealth?

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