Regulatory Alerts2026-04-20
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Study Paper No. 207: The Luxembourg Household Finance and Consumption Survey: Results from the Fifth Wave in 2023
The Central Bank of Luxembourg published the 2023 results of the Household Finance and Consumption Survey, revealing that median household net wealth declined by 15% in real terms to 676,000 euros due to asset value drops outpacing debt reductions. The report highlights that while 50% of households were indebted in 2023, the average debt value fell to 150,000 euros, with mortgage debt comprising 90% of total liabilities. Despite these declines, wealth inequality measured by the Gini coefficient remained stable, with the top 5% of households holding one-third of total net wealth.
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