Asset gap between rich and poor is stabilising

Piggy bank with eurosThe richest 1% in the Netherlands own 28.8% of privately-held assets, a rise of €23bn on a year ago, the Volkskrant said on Tuesday.

In 2013, the richest 75,000 people owned 27.6% of the nation’s private assets – including shares, savings, property and other assets but not pensions, the paper said.

However, calculated according to the more technical methods used by French economist Thomas Piketty, the asset gap between rich and poor in the Netherlands is now stabilising, CBS chief economist Peter Hein van Mulligen told the paper.

This, he said, is because house prices have fallen and are now stable.

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