ECB: German households less wealthy than Cypriots

The European Central Bank issued the first Household Finance and Consumption Survey in April 2013.

The Survey showed that Luxembourg tops the ranking of Europe’s wealthiest households followed by Cyprus while Germany is at the bottom.

The median net wealth of homeowners across the countries surveyed is €241,200. Those with a mortgage report a median figure of €171,100, while those renting have a median net wealth of €9,100.

• Primary Source

European Central Bank, 09.04.13: The Eurosystem Household Finance and Consumption Survey (Statistics Paper Series) http://www.ecb.int/pub/scientific/stats/html/index.en.html

European Central Bank: Press Release, 09.04.13: Results of the Eurosystem’s first Household Finance and Consumption Survey http://www.ecb.int/press/pr/date/2013/html/pr130409_1.en.html

Deutsche Welle, 12.04.13: Rich South, poor Germans? http://www.dw.de/rich-south-poor-germans/a-16738148

Blog: Social Europe Journal, 16.04.13: Are Germans Really Poorer Than Spaniards, Italians And Greeks? http://www.social-europe.eu/2013/04/are-germans-really-poorer-than-spaniards-italians-and-greeks/

Spiegel Online International, 17.04.13: The Poverty Lie: How Europe's Crisis Countries Hide their Wealth http://www.spiegel.de/international/europe/poor-germany-it-is-time-for-a-debate-on-euro-crisis-burden-sharing-a-894398.html

PressEurop, 19.04.13: One poor man can hide another (Editorial) http://www.presseurop.eu/en/content/editorial/3699071-one-poor-man-can-hide-another

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