Rising Property Prices Deepen Wealth Inequality in France
A new study reveals that the surge in real estate values has significantly widened the wealth gap over the past two decades.
- The top 50% of French households now own 92% of the country's total wealth, with real estate accounting for 62% of these assets.
- Between 1998 and 2021, property values increased 2.5 times, benefiting wealthier households while the least wealthy saw their assets decline.
- Inheritance plays a crucial role in wealth disparity, with those receiving inheritances holding nearly double the average household wealth.
- Access to credit remains a barrier for many, with over 10% of households unable to secure loans as desired from 2018 to 2021.
- Despite increasing wealth inequality, France's disparities are still less pronounced compared to the United States and other European countries like the UK and Spain.