Inherited wealth in Ireland increases to €97bn

Central Bank analysis finds that inheritances may have reduced overall wealth inequality over time

For those who received an inheritance, money was the most common type of asset received, while more than a third received dwellings.

The number of Irish households receiving inheritance or gifts from previous generations is growing, new analysis from the Central Bank of Ireland shows.

Up to 2020, more than a third of households in Ireland had received inherited wealth totalling €97bn, which accounts for approximately one sixth of the current net wealth for these households.