Switzerland amazes me, I tought they’d be on par with Luxembourg or even scoring higher.
I’m kinda missing Monaco 🙁
But I was told we live in a neoliberal hellhole (or an immigrants-who-steal-all-the-wealth infested hellhole if you prefer a different flavour of populist)?
Have the populists been lying to me all along? No way!
At which percentile on the income ladder are you supposed to swap to a neoliberal state of mind?
ehh where’s my money bitch!
Must say that belgium is one of the most horizontally built countries and it shows here.
We’ve had decades of tax discounts for people wishing to build or buy their first and only home and that got removed by right wing goverment.
We still have the cheapest housing in all of west europe. I hope the habitual bonus returns and have no idea how they got people to think it was useless.
It was a way to advantage one group of people compared to another group of people. The other group of people being corporations wishing to buy housing stock and get a profit through renting them out to Belgians.
* 1 – Switzerland 673.960$
* 2 – United States 505.420$
* 3 – Hong Kong SAR 503.340$
* 4 – Australia 483.760$
* 5 – Netherlands 377.090$
* 6 – Denmark 376.070$
In 7th place is Belgium with a median wealth of 351.330 (+54.030 from 2019-20).
Even though we are hit hard by Covid in our GDP, it does not show this in our wealth: *The most surprising feature of Figure 4 is these suggestion that the countries most affected by the pandemic, as captured by losses in GDP, have done disproportionately well in wealth terms. Belgium, Canada, Singapore and the United Kingdom provide the main support for this hypothesis. Despite being among the worst-affected countries, with an average GDP loss of 7.1%, they achieved unusually high wealth gains averaging 7.7% net of exchange rate considerations.*
There are 195 countries worldwide. Belgium is the fifth smallest country in Europe and still, we are 7th on the list. Which means we are doing something good.
If you look at the other countries that are above us, you can see that the distribution of wealth is located on the top. Belgium is one of the more equally wealth distributed countries.
So yeah: Go Belgium!
“Die rijke Nederlanders” they said… “Die rijke Scandinaviërs” they said… Pffft. From now on, nobody in Belgium should ever complain about not having money!
In all honesty, how the f is this possible? Who keeps all the money since this is median wealth? I do not know many people in Belgium who have tens of thousands lying on their account and not everyone is able to afford a house.
Don’t get fooled, you can’t buy a house with that wealth.
When your house prices increase, so does your wealth. When boomers bought homes for 150K 30 years ago, which are now worth 600K (adjusted for inflation) the whole median wealth becomes very skewed.
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Ranked 4th. Not to shabby.
Ha, Belgian here too. 10x higher than Poland…
2nd place go brrrrr
Switzerland amazes me, I tought they’d be on par with Luxembourg or even scoring higher.
I’m kinda missing Monaco 🙁
But I was told we live in a neoliberal hellhole (or an immigrants-who-steal-all-the-wealth infested hellhole if you prefer a different flavour of populist)?
Have the populists been lying to me all along? No way!
At which percentile on the income ladder are you supposed to swap to a neoliberal state of mind?
ehh where’s my money bitch!
Must say that belgium is one of the most horizontally built countries and it shows here.
We’ve had decades of tax discounts for people wishing to build or buy their first and only home and that got removed by right wing goverment.
We still have the cheapest housing in all of west europe. I hope the habitual bonus returns and have no idea how they got people to think it was useless.
It was a way to advantage one group of people compared to another group of people. The other group of people being corporations wishing to buy housing stock and get a profit through renting them out to Belgians.
Thanks to everyone buying houses here.
If you download the report (https://www.credit-suisse.com/about-us/en/reports-research/global-wealth-report.html) you can see we are 7th on the list (page 12 – table2). Even the numbers are wrong…
* 1 – Switzerland 673.960$
* 2 – United States 505.420$
* 3 – Hong Kong SAR 503.340$
* 4 – Australia 483.760$
* 5 – Netherlands 377.090$
* 6 – Denmark 376.070$
In 7th place is Belgium with a median wealth of 351.330 (+54.030 from 2019-20).
Even though we are hit hard by Covid in our GDP, it does not show this in our wealth: *The most surprising feature of Figure 4 is these suggestion that the countries most affected by the pandemic, as captured by losses in GDP, have done disproportionately well in wealth terms. Belgium, Canada, Singapore and the United Kingdom provide the main support for this hypothesis. Despite being among the worst-affected countries, with an average GDP loss of 7.1%, they achieved unusually high wealth gains averaging 7.7% net of exchange rate considerations.*
There are 195 countries worldwide. Belgium is the fifth smallest country in Europe and still, we are 7th on the list. Which means we are doing something good.
If you look at the other countries that are above us, you can see that the distribution of wealth is located on the top. Belgium is one of the more equally wealth distributed countries.
So yeah: Go Belgium!
“Die rijke Nederlanders” they said… “Die rijke Scandinaviërs” they said… Pffft. From now on, nobody in Belgium should ever complain about not having money!
In all honesty, how the f is this possible? Who keeps all the money since this is median wealth? I do not know many people in Belgium who have tens of thousands lying on their account and not everyone is able to afford a house.
Don’t get fooled, you can’t buy a house with that wealth.
When your house prices increase, so does your wealth. When boomers bought homes for 150K 30 years ago, which are now worth 600K (adjusted for inflation) the whole median wealth becomes very skewed.