Net wealth of Europeans has doubled in the 21st century

By the end of 2022, the value of net assets per average resident of Europe reached €50 thousand. The largest share is occupied by conservative instruments with noticeably growing alternative sources of financing.

Analysts of the Robocash platform studied the structure of assets and liabilities of households with further determination of the Net Wealth indicator in 27* European countries.

The results of the study showed that the average European most likely owns assets worth approximately €50,200, compared to €23,500 at the beginning of the 21st century. “It is important to remember though that the price of goods and services is growing day to day because of inflation, so the real value of assets and their purchasing power are gradually falling. Hence, at current prices, the value of the assets has increased by 113%, but if we take into account the prices of the year 2000, we’d be looking at 28.3% growth in real value", - the experts comment on the statistics.

In terms of portfolio structure, conservative elements such as deposits and IPSG account for more than half of all instruments. Over the past 22 years, their share has increased by 4.2 pp and 4.7 pp accordingly.

Risky instruments such as Unlisted and Listed shares, Investment fund shares and units are rapidly declining along with Debt securities. “This is probably strongly related to the European mentality and cautious attitude to monetary risks”, - the analysts add.

The largest increase is observed in the Other equity indicator – +5.5 pp. “Trying to protect their capital against relatively high inflation both in the early 2000s and in the last 3 years, the average European investor is looking for higher returns that will help maintain the purchasing power of their capital. Such investments can be crowdfunding or P2P lending, as well as cryptocurrency projects”, - the analysts sum up.

* - Belgium, Bulgaria, Czech Republic, Denmark, Germany, Estonia, Ireland, Greece, Spain, France, Croatia, Italy, Cyprus, Latvia, Lithuania, Luxembourg, Hungary, Malta, Netherlands, Austria, Poland, Portugal, Romania, Slovenia, Slovakia, Finland, Sweden.

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