Average household is worth €674,000

A REPORT by the National Irish Bank published yesterday reveals that the average Irish household is now worth €674,000.

Even allowing for the value of the main family home — which is the prime source of wealth for the vast majority of people — Irish households still enjoy an average fortune of €352,000.

However, the warm glow of pleasure that should accompany such statistics is likely to escape most readers who probably feel more acquainted with another of the report’s findings — namely that average household debt now stands at €127,000.