Austria - Concentration of wealth still extremely high - January 31, 2019

The distribution of wealth is still very uneven. According to data published by the Austrian National bank the richest 1% of the population owns almost 25% of total wealth. And it is noteworthy that the Super rich Austrians are not included in the data. The poorest 50% of the population on the contrary only owns 3,6%. The results of the research contradict the income-based image of Austria as a society of the middle class.

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For more information, please contact the editor Jan Cremers or Sanne van der Gaag, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the Head of communications at the ETUI, Willy De Backer wdebacker@etui.org © ETUI