The patrimony is very unevenly distributed in France, where half of the population owns 92% of the assets, according to a survey published this Wednesday by INSEE.
At the beginning of 2021, half of the households had a gross wealth (before the repayment of the loans) of more than 177,200 euros, specifies the National Institute of Statistics.
The richest 1% have a gross wealth of more than 2.24 million euros. For the best-endowed 10%, it exceeds 716,300 euros.
The poorest 10% have a gross wealth of less than 4,000 euros, a figure that drops to 3,000 euros once the loans are discounted.
Real estate accounts for 62% of household assets “but 30% of households with fewer resources do not have or have very few,” according to the survey that is carried out every three years.
Real estate represents 62% of household wealth
The top 1% own 15% of gross wealth and the richest 5% own 34%, the INSEE also indicates, adding that “this distribution of gross wealth is stable compared to that of 2018.”
Within assets, it is the professional component (11% of the total), linked to the activity, that is most concentrated, with the best 5% having 95% and the top 1% 66% of scale.
For the financial component (21% of the total), which especially includes savings, the richest 5% own 49% of the assets and the wealthiest 1% own 25%.
Within financial wealth, the distribution of wealth has changed slightly since 2018, from 67% to 64% of the total the participation of the 10% best endowed, in favor of an increase from 30% to 32% of households located between the 5th and 9th decile.
The so-called “residual” patrimony represents the remaining 6% of the total. It is made up of the car, household goods, jewelry or works of art, etc.
evolution with age
Wealth evolves throughout life.
Among those under 30 years of age, gross wealth is one and a half times greater than net wealth (71,200 euros compared to 43,200 euros), since they are just beginning to pay off their loans.
The average gross wealth reaches 400,000 euros in households where the person of reference is between 50 and 59 years old, while the average net wealth reaches its zenith in the sixties with 361,400 euros, to drop slightly to 343,800 euros among septuagenarians.
Source: BFM TV
