Wealth Gap Persists in Europe Despite Efforts to Narrow Divide
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Sweden has the highest wealth inequality in Europe, with a Gini coefficient of 87.4 in 2022. The top 10% own 74.4% of the wealth.
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Germany has the highest wealth inequality among the EU's 4 biggest economies, with the top 10% owning 63% of the wealth.
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The Nordic countries score highly in wealth inequality due to tax systems with no wealth or inheritance taxes.
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Home ownership rates play a big role, with higher ownership equaling lower inequality. Germany has very low home ownership at 46.5%.
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Wealth inequality has not improved much from 2000-2022 in major European countries like France, Germany, Italy, Spain and the UK. Some saw slight declines in top 1% share.