Households headed by individuals aged 55 to 64 hold a median net wealth of approximately 208,000 euros, dwarfing the roughly 25,000 euros owned by households under 35. Across 22 surveyed nations, everyday consumer costs have jumped 67.2 percent since 2000, compounding the financial pressures placed on the younger generation. The widening disparity has fueled street protests demanding relief from soaring housing expenses and reductions in public services. Although European Union inflation cooled from its 2022 high of 9.2 percent, the structural price shocks remain locked into the economy.
Key points
Households led by citizens aged 55 to 64 command the largest proportion of total wealth a…: Households led by citizens aged 55 to 64 command the largest proportion of total wealth at 24 percent.
Skyrocketing living and housing costs have triggered youth and student protests across at…: Skyrocketing living and housing costs have triggered youth and student protests across at least 11 European nations.
Long-term cost increases since 2000 have heavily strained consumers, with Hungary seeing…: Long-term cost increases since 2000 have heavily strained consumers, with Hungary seeing everyday expenses more than triple.
Sources checked by our analysis pipeline: 1
As protests over living costs and programme cuts spread across Europe, under-35s hold 2.8 percent of household wealth.
Student protests that began in September in France have spread to more than 11 European countries as anger rises over high rents and fuel prices and cuts to public services.
Many young protesters said they no longer expect to be better off than their parents, and household wealth data show a wide gap between generations.
Across the eurozone and two other European countries, households headed by someone under 35 have a median net wealth of about 25,000 euros ($27,870) while those headed by 55- to 64-year-olds are worth about 208,000 euros ($231,882), more than eight times as much, according to the European Central Bank’s (ECB’s) 2023 Household Finance and Consumption Survey.
In this visual explainer, Al Jazeera compares wealth by age groups across 22 European countries and looks at how much more expensive life has become since 2000.
Where is the wealth gap widest?
The Household Finance and Consumption Survey, run by the ECB and national central banks since 2010, tracks household…
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