Weirdly worded headline, easily misinterpreted, but I get it… a global phenomenon these days, btw, speaking from experience.
All according to plan
The top 10% are always going to have a lot and the bottom 10% not a lot. It’s the people in the middle that I’d be more concerned with rather than the headline grabbing figure.
96.6% of households having some form of savings is pretty decent.
So if my net value is over €788k, I’m in the countries top 10%?? This seems low…
600? I wish
What a stupid article….
CSO statistician: “In terms of wealth, the median provides a truer reflection of the average household as it is not influenced by extreme values.”
Headline writer: “Fuck that, I’m using the average then”
The serpents need feeding again. Fuck sake father Ted.
Wait you guys have €600!?
Woo! I’m above the 10% poorest. Thank you overdraft!
Once you have about 100k in savings and investments your wealth begins to snow ball with compounding interest especially after about 15 years..
Unfortunately a lot of people can’t afford to invest to get the ball rolling but I’m pretty sure that this is a feature of capitalism because who will work in the shops and factory’s if all it takes to be wealthy is to put 100 euros a week away and not spend it for 30 years
Thats me! I’m in the top 10%! My 5 bedroom house is worth €790,000 alone (A Neighbours house with a garden half the size of mine sold for that sum this year) l have another €200,000+ in prize bonds and €30k in the Bank plus another €50k in assets! That’s great to know im up there with the well off,l guess im officially a Millionaire!? Get in! 😊
300 Euro saved up, John? And you’re 38? The neck of you!
13 comments
Weirdly worded headline, easily misinterpreted, but I get it… a global phenomenon these days, btw, speaking from experience.
All according to plan
The top 10% are always going to have a lot and the bottom 10% not a lot. It’s the people in the middle that I’d be more concerned with rather than the headline grabbing figure.
96.6% of households having some form of savings is pretty decent.
So if my net value is over €788k, I’m in the countries top 10%?? This seems low…
600? I wish
What a stupid article….
CSO statistician: “In terms of wealth, the median provides a truer reflection of the average household as it is not influenced by extreme values.”
Headline writer: “Fuck that, I’m using the average then”
The serpents need feeding again. Fuck sake father Ted.
Wait you guys have €600!?
Woo! I’m above the 10% poorest. Thank you overdraft!
Once you have about 100k in savings and investments your wealth begins to snow ball with compounding interest especially after about 15 years..
Unfortunately a lot of people can’t afford to invest to get the ball rolling but I’m pretty sure that this is a feature of capitalism because who will work in the shops and factory’s if all it takes to be wealthy is to put 100 euros a week away and not spend it for 30 years
Thats me! I’m in the top 10%! My 5 bedroom house is worth €790,000 alone (A Neighbours house with a garden half the size of mine sold for that sum this year) l have another €200,000+ in prize bonds and €30k in the Bank plus another €50k in assets! That’s great to know im up there with the well off,l guess im officially a Millionaire!? Get in! 😊
300 Euro saved up, John? And you’re 38? The neck of you!