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That's a bit higher than I would have thought. I had to check my own country, UK's neighbour Norway. "The distribution of net wealth is highly skewed in Norway
by tyfon 8y ago
That's a bit higher than I would have thought. I had to check my own country, UK's neighbour Norway.
"The distribution of net wealth is highly skewed in Norway. While average net wealth for households is NOK 1.6 million, the median net wealth is NOK 900 000. Households in the highest 10 percent for net wealth own roughly 53 per cent of total net wealth, the richest 1 per cent control 21 per cent, while the top 0.1 per cent own 10 per cent of total net wealth." [1]
So not as high but still quite high here as well. 10% is about 520.000 which is still substantially more people than the 25.000 that own 50% of the UK wealth.
[1] https://www.ssb.no/en/inntekt-og-forbruk/artikler-og-publikasjoner/wealth-distribution-in-norway https://www.ssb.no/en/inntekt-og-forbruk/artikler-og-publika...
- golemiprague 8y agoMuch smaller country though and with a very unique economical situation because of oil, I wonder if it affects those results, should compare it to France, Germany, Italy or Spain which seems to be more relevant comparison
- vesinisa 8y agoYou seem to be confounding wealth in general and land ownership. I'd be actually surprised if Norway had as inequal land ownership distribution as UK.
- tyfon 8y agoAh, that is true. Home ownership is quite high here [1], 77% of households own their own home. A lot of that is mortgaged. I can't really find equivalent numbers to that in the UK. A lot of the land is "utmark", like out side of cultivated areas, and can be used by pretty much anyone and a lot is just government owned. [1] https://www.ssb.no/bygg-bolig-og-eiendom/artikler-og-publikasjoner/stort-flertall-eier-boligen https://www.ssb.no/bygg-bolig-og-eiendom/artikler-og-publika...