54730 dollar millionaires , based off assets i would have assumed way more
socomjon on
Hooray. That’s great news
LookingGlass86 on
Try it sometime
Ashari83 on
€1 million is worth 30% less than it was in 2007. A lot of people in there 50s or 60s with a paid off mortgage and a decent pension pot should be on the borderline of being a millionaire today.
IntentionFalse8822 on
I would have assumed between homeowners in much of Dublin, tech workers with large pension pots and farmers with large amounts of land the number would have been much larger. Doesn’t mean they live the lifestyle of millionaires though. Unless they sell up they can’t access the money.
Sharp_Fuel on
If you’re in your 40s+ and mostly paid off your home it’s not a crazy figure to reach anymore, just due to how crazy house prices are, I’d wager most of these millionaires don’t actually have much in the way of liquid cash
Dangerous-Shirt-7384 on
1 million in 1999 < 1 million in 2025
Most people with mortgages and kids would continue to work if they won a million euro nowadays.
If you own 2 old council houses in certain parts of Dublin you’re probably classified as a millionaire in 2025.
dropthecoin on
An unsurprising consequence since many people’s homes are valued high but individual debt is lower than during the Tiger. Add the fact that average incomes are now over 30% more than in 2007.
Skorch33 on
When we look at the current childrens hospital or bike shed. Its hard to imagine that more money is lost to profit than it is to corruption in Ireland.
There seems to be far more money in the annual american taxes, than in the actual economy. And far more money going “missing” there too.
Imaginary-Taste-2744 on
Asset Rich
Cash Poor
FuckAntiMaskers on
This really doesn’t mean much at all as it’s mostly just people’s homes skyrocketing in value. Irish people have a very low rate of engagement with actually building wealth outside of property, even on the specific financial sub r/irishpersonalfinance there was a survey done that highlighted this. It’s unsurprising with how punitively we’re taxed on investments, even the most sensible, basic options like ETFs are unattractive here due to the tax laws. We could and should all be doing far better in terms of wealth generation, many people on high salaries could’ve been taking advantage of very high returns in various ETFs and stocks over the past 5-10 years.
For young working people this type of thing is even more critical as it would aid in saving for deposits moreso than just sitting in a low interest savings account, or regular bank account. We really should be so much more financially savvy and engaged like the Swiss.
Alastor001 on
It’s not difficult when you have to spend >500k on a house alone
13 commenti
Who all still can’t afford a house
54730 dollar millionaires , based off assets i would have assumed way more
Hooray. That’s great news
Try it sometime
€1 million is worth 30% less than it was in 2007. A lot of people in there 50s or 60s with a paid off mortgage and a decent pension pot should be on the borderline of being a millionaire today.
I would have assumed between homeowners in much of Dublin, tech workers with large pension pots and farmers with large amounts of land the number would have been much larger. Doesn’t mean they live the lifestyle of millionaires though. Unless they sell up they can’t access the money.
If you’re in your 40s+ and mostly paid off your home it’s not a crazy figure to reach anymore, just due to how crazy house prices are, I’d wager most of these millionaires don’t actually have much in the way of liquid cash
1 million in 1999 < 1 million in 2025
Most people with mortgages and kids would continue to work if they won a million euro nowadays.
If you own 2 old council houses in certain parts of Dublin you’re probably classified as a millionaire in 2025.
An unsurprising consequence since many people’s homes are valued high but individual debt is lower than during the Tiger. Add the fact that average incomes are now over 30% more than in 2007.
When we look at the current childrens hospital or bike shed. Its hard to imagine that more money is lost to profit than it is to corruption in Ireland.
There seems to be far more money in the annual american taxes, than in the actual economy. And far more money going “missing” there too.
Asset Rich
Cash Poor
This really doesn’t mean much at all as it’s mostly just people’s homes skyrocketing in value. Irish people have a very low rate of engagement with actually building wealth outside of property, even on the specific financial sub r/irishpersonalfinance there was a survey done that highlighted this. It’s unsurprising with how punitively we’re taxed on investments, even the most sensible, basic options like ETFs are unattractive here due to the tax laws. We could and should all be doing far better in terms of wealth generation, many people on high salaries could’ve been taking advantage of very high returns in various ETFs and stocks over the past 5-10 years.
For young working people this type of thing is even more critical as it would aid in saving for deposits moreso than just sitting in a low interest savings account, or regular bank account. We really should be so much more financially savvy and engaged like the Swiss.
It’s not difficult when you have to spend >500k on a house alone