Ireland’s total household wealth has risen by €89bn in a year

Central Bank says an increase in deposits and housing assets led to household net worth reaching €883 billion in first quarter but figures do not reflect distribution of wealth

Gross household savings increased by €1.5 billion to €7.4 billion during the first three months of 2021. Picture: Getty

Ireland’s household net worth has increased by €89 billion to €883 billion over the past year due to increases in both housing and financial assets, according to the latest quarterly financial accounts from the Central Bank of Ireland. The total household net worth was €883 billion in the first quarter of this year, compared to €794 for the same period in 2020.

Household net worth has grown annually since 2012, but the rise in wealth ...