In France, the richest 5% own more than a third of the heritage.

France, land of inequality? At the start of 2021, half of French households owned 92% of assets, according to Insee research released on Wednesday. and 1% of 15%. This share is “stable compared to 2018,” notes INSEE.

According to data analyzed by INSEE, 1% of French households have a net worth (excluding loans) in excess of 2.072 million euros. The fortune of the richest 10% of people exceeds 633,200 euros. Figures that make you dizzy, while INSEE notes that the inheritance of half of French households exceeds 124,800 euros. This is less than 3,000 euros for the poorest 10%.

“At the beginning of 2021, gross household wealth mainly consists of real estate, the share of which has remained stable since 2004,” notes INSEE. This is the main residence, which, in fact, is the real estate of households: almost six out of ten French households own it (regardless of whether they have finished paying off the purchase or not). They “have, on average, a gross inheritance 8.6 times higher than that of renters and people living for free,” notes INSEE.

The richest have 344 times the financial wealth of the poorest.

INSEE is also interested in financial assets: this is money placed in current or investment accounts or in other financial instruments. If “almost all households own them”, then a certain inequality logically arises. The poorest 10% have no more than 400 euros, and the richest 10% have at least 150,000 euros. Between these two segments of the population is 344 times more.

This is a “logical” statistic, also noted by INSEE: we get richer over the course of our lives, “gross wealth increases continuously until age 60 and then decreases slightly.” “Including debt, the average net worth increases from €43,200 for households with a principal under 30 to €361,400 for households made up of sixty year olds and then drops to €343,800 for older households,” notes Statisticheskiy institute. .