The median net wealth value of Irish households has increased by 80% over the five-year period to 2018. The median value is obtained by arranging all households in ascending order from the smallest to the largest value and then selecting the middle value. In terms of wealth, the CSO said that the median provides a truer reflection of the average household as it is not influenced by extreme values. Mr Lee said: "The results show that in Ireland, the wealthiest 10% of all households have a net wealth greater than €835,000 while the bottom 10% have a net wealth of less than €1,000. "The median net wealth of households that own their own home is €287,300 while for renters it is considerably less at €5,900."

Source: Irish Examiner January 30, 2020 12:22 UTC