• China’s average wealth, however, was still less than a third of the wealth of the median American ($93,271) and only about 10% of the wealth of the median Belgian ($256,336).
A lot of people are home owners. This is part of your wealth. Thus this number looks higher than it actually is.
Home ownership pushes this number up quite a bit.
More than 70% owns their own house.
Which leaves 20% of people who have less than the difference between the worth of their home and that 250k on hand.(if your place is worth 220k you have less than 30k on hand)
I think that more or less checks out.
median wealth is a low bar to achieve
At median wealth would be a regular boomer with a paid off house.
Above median would be a boomer with rental properties and stuff like a premium branded SUV.
Below median would be a millenial.
Euhm, is this the country with 1 miljard people? I doubt this very much.
Lol I don’t even get there when you move the comma to the left … 😭
Home + savings
[deleted]
Oh hey! That’s what I keep saying yet people refuse to believe it!
I met 2 of them in the Celine store in Antwerpen recently. There don’t seem to be to many about nowadays. Kind of a rare breed.
Apparently I’m somewhere around the median. House worth 450k and about 200k in debt to the bank.
Good to know I guess?
[deleted]
Generational wealth and the Belgian misconception that the house you live in is an ”investment”.
Almost all of the money goes into (personal) real estate which is not a bad way to put aside money if you have trouble saving (which is the case with most people)
My home was 270k when i bought it. 50k investments for a new roof and some small works.
I paid of the house for 6 years now. THe house is now taxed at 450k euro.
I have around 250k left to pay, so my house net worth is 200k. Take 2 cars that are somewhat paid off it adds another 20k (not really sure of their value, could be a little bit more) add a few other assets and boom 250k. But i still need to be carefull not to go over my monthly limit.
Europ.. pay tax and OBEY that’s is Europe and we will think about giving u little freedom by going on weekend to drink ur fuckd up week at work “EUROP”
From what I gather, there is a pretty sizeable black market economy there in Belgium, on top of a sizeable, but minority population of HNWI’s who probably own the companies that operate the black market peasants…..
Think of all the bommers and retired folks with house payed off and car.
Bam.
Toss in the folks with a second residence, like an appartment by the coast or ardennes.
Or the people renting multiple properties.
I purchased a flat for 220K EUR in 2020 and I have around 81K EUR in savings.
Does that mean I’m above the median wealth in Belgium? Obviously I still have 18 years left of paying off my loan!
21 comments
• China’s average wealth, however, was still less than a third of the wealth of the median American ($93,271) and only about 10% of the wealth of the median Belgian ($256,336).
A lot of people are home owners. This is part of your wealth. Thus this number looks higher than it actually is.
Home ownership pushes this number up quite a bit.
More than 70% owns their own house.
Which leaves 20% of people who have less than the difference between the worth of their home and that 250k on hand.(if your place is worth 220k you have less than 30k on hand)
I think that more or less checks out.
median wealth is a low bar to achieve
At median wealth would be a regular boomer with a paid off house.
Above median would be a boomer with rental properties and stuff like a premium branded SUV.
Below median would be a millenial.
Euhm, is this the country with 1 miljard people? I doubt this very much.
Lol I don’t even get there when you move the comma to the left … 😭
Home + savings
[deleted]
Oh hey! That’s what I keep saying yet people refuse to believe it!
I met 2 of them in the Celine store in Antwerpen recently. There don’t seem to be to many about nowadays. Kind of a rare breed.
Apparently I’m somewhere around the median. House worth 450k and about 200k in debt to the bank.
Good to know I guess?
[deleted]
Generational wealth and the Belgian misconception that the house you live in is an ”investment”.
Almost all of the money goes into (personal) real estate which is not a bad way to put aside money if you have trouble saving (which is the case with most people)
My home was 270k when i bought it. 50k investments for a new roof and some small works.
I paid of the house for 6 years now. THe house is now taxed at 450k euro.
I have around 250k left to pay, so my house net worth is 200k. Take 2 cars that are somewhat paid off it adds another 20k (not really sure of their value, could be a little bit more) add a few other assets and boom 250k. But i still need to be carefull not to go over my monthly limit.
Europ.. pay tax and OBEY that’s is Europe and we will think about giving u little freedom by going on weekend to drink ur fuckd up week at work “EUROP”
From what I gather, there is a pretty sizeable black market economy there in Belgium, on top of a sizeable, but minority population of HNWI’s who probably own the companies that operate the black market peasants…..
Think of all the bommers and retired folks with house payed off and car.
Bam.
Toss in the folks with a second residence, like an appartment by the coast or ardennes.
Or the people renting multiple properties.
I purchased a flat for 220K EUR in 2020 and I have around 81K EUR in savings.
Does that mean I’m above the median wealth in Belgium? Obviously I still have 18 years left of paying off my loan!
Good God I’m poor