THE MEDIAN WEALTH PER ADULT IN EUROPEAN COUNTRIES (SPAIN DOES NOT FARE BADLY)

On this map, we can see how much personal wealth the average European adult has. Wealth is shown in US Dollars and includes both financial and non-financial wealth. Non-financial wealth mostly consists of land and real estate.

The reason this map shows the median and not the average is that an average is usually skewed by the extremely wealthy. This results is an amount that is far higher than the wealth of most adults. In the case of the median, it means that half the population has a wealth higher than the figure shown and the other half has a lower wealth.

People is Luxembourg ($360,715) and Iceland ($413,193) have by far the highest wealth in Europe. As we can see from the map, the western half of Europe clearly has a higher median wealth than the eastern half. Of course, this can be partly explained by higher average wages and the cost of living in these countries. However, there are still some significant differences between countries with similar cost of living and GDP per capita.

The lowest median wealth is found in Turkey ($5,488) and Russia ($8,595). These are the only countries in Europe where the median wealth is less than $10,000.

In Spain, the median wealth per adult is $107,507 (€98,000 at the exchange rate), according to data from UBS.

Article seen on (Landgeist.com): Median Wealth in Europe