Total wealth of Irish households rose by €49bn in 2020

Figures released by the Central Bank indicate gross household savings increased to €7.4 billion in the last three months of the year

6th May, 2021
Total wealth of Irish households rose by €49bn in 2020
The Central Bank warned that the data did not reflect the unequal impact of the pandemic on households across the country. Picture: Leah Farrell/Rollingnews.ie

The total net worth of households in Ireland reached €855 billion in the last quarter of 2020 thanks to increasing deposits and housing assets, according to data released by the Central Bank.

Gross household savings increased by €1 billion in that period to stand at €7.4 billion.

Overall, household net worth went up by €49 billion throughout 2020.

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