Regulatory Alerts2026-04-20
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The Luxembourg Household Finance and Consumption Survey: Results from the fifth wave in 2023
Banque centrale du Luxembourg issued the 2023 wave of the Luxembourg Household Finance and Consumption Survey, revealing that household net wealth declined by 15% in real terms between 2021 and 2023 due to falling asset values. While household debt decreased by 7% and the proportion of indebted households dropped, debt service ratios rose slightly due to increasing interest rates. Wealth inequality remained virtually unchanged, with the top 5% of households holding one-third of aggregate net wealth.
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