All you have to do is own the place you live in and you’re more or less there
They forgot to consider the 50% expats in the country. Most of who are struggling with rent taking away 40% of the income.
Which means owning a 60 m² flat. Great wealth.
The median age in Luxembourg is around 41 years. I’d say most families have paid half their mortgage at that point which makes 740k reasonable with the amount of home owners in Luxembourg.
Check the methodology the frontier income is considered ..
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TIL: Switzerland is not a European country.
I wish…
All you have to do is own the place you live in and you’re more or less there
They forgot to consider the 50% expats in the country. Most of who are struggling with rent taking away 40% of the income.
Which means owning a 60 m² flat. Great wealth.
The median age in Luxembourg is around 41 years. I’d say most families have paid half their mortgage at that point which makes 740k reasonable with the amount of home owners in Luxembourg.
Check the methodology the frontier income is considered ..