Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
Link to this: Individually | In context | Oireachtas source

258. To ask the Minister for Finance the most recent figures for total household wealth and the property and financial assets less all liabilities. [25562/20]

Paschal Donohoe (Dublin Central, Fine Gael)
Link to this: Individually | In context | Oireachtas source

According to the latest figures from the Central Bank’s Quarterly Financial Accounts, the net worth, or wealth, of households in Ireland stood at €791bn at the end of the first quarter of 2020, the latest available figures. This includes financial and housing assets, net of all liabilities.

The value of total household assets excluding liabilities is €936bn.

The table below provides a breakdown of household net worth:

Household net worth rose by 3 per cent year-on-year from Q1 of 2019, driven both by a 1.8 per cent rise in the value of housing assets and a 2.5 per cent increase in the value of financial assets. This is above the pre-crisis peak of €721bn.

The series reached a record high of €802bn in the fourth quarter of 2019, before falling slightly in the first quarter of 2020 due primarily to decreases in the value of insurance and pension schemes.