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Household net worth hit srecord high as deposits rose and debt fell

business Coronavirus Central Bank
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A large rise in deposits and fall in debt saw household net worth rising to a record €817 billion in the second quarter of this year, according to figures from the Central Bank.

The effect of the initial pandemic restrictions, which saw households putting aside significant savings on deposit, contributed to a €21.6 billion increase in financial assets in the three month period.

The overall resilience of the property market during the quarter saw housing assets remaining relatively stable at €542 billion.

As households continued to pay down debt, household liabilities fell by €1.4 billion to stand at €143 billion. Household debt has now fallen by over a third from the peak of €202 billion in the middle of 2008, according to the regulator.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
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Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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