Key facts
- Young Europeans aged 16-34 have a median net wealth of €24,600 in the euro area.
- The median net wealth of young Europeans is significantly less than that of older generations.
- Wealth disparities among young Europeans vary widely by country.
- Factors influencing youth wealth include family support and housing access.
- Malta and Luxembourg show the highest median net wealth for the 16-34 age group.
Young Europeans between the ages of 16 and 34 hold a median net wealth of €24,600 within the euro area. This figure is substantially less than the wealth accumulated by older generations. The data reveals considerable disparities in wealth across different European countries. These differences are attributed to various factors, including the level of support received from families and the accessibility of housing markets.
Among the countries surveyed, Malta and Luxembourg exhibit the highest median net wealth for individuals in this younger age bracket. The report highlights that wealth accumulation for this demographic is influenced by a complex interplay of economic conditions, social support systems, and individual circumstances within each nation.