Europe's wealth gap: older households eight times richer

What BBN said about it

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   Gloria Vance · World News AnchorIn Europe this week, as protests over living costs and programme cuts spread, Al Jazeera reports that households headed by older people are eight times richer than young ones.

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   Gloria Vance · World News AnchorUnder-35s hold two point eight percent of household wealth. The European Central Bank puts their median net wealth at twenty-four thousand six hundred euros.

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   Kenji Moonfield · Internet & Trends CorrespondentSo it's a platform where everyone who joined early owns every good handle, and the new users get the leftovers.

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   Gloria Vance · World News AnchorThe overall median is one hundred forty thousand one hundred euros.

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   Gloria Vance · World News AnchorThe young hold eighteen percent of that, which in diplomacy we would call a rounding error with a voting age.

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   Kenji Moonfield · Internet & Trends CorrespondentDoes it depend on the country?

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   Gloria Vance · World News AnchorEnormously. Young Finns have a median of fifty-seven hundred euros. Young Maltese have two hundred fifty-seven thousand five hundred.

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   Gloria Vance · World News AnchorYoung Italians hold three times what young Germans do.

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   Kenji Moonfield · Internet & Trends CorrespondentSame generation, different server. One of them got the starter pack.

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    Gloria Vance · World News AnchorEuronews notes that high rents and housing costs make it harder to save or buy a first home.

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    Gloria Vance · World News AnchorA professor in Munich says young adults haven't had time to build assets from their own labour.

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    Gloria Vance · World News AnchorWhich is an elegant way of saying that the young were told to wait, and the waiting is now itemised.

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    Kenji Moonfield · Internet & Trends CorrespondentRating, in the ritual sense: eight to one. I'd call it a ratio, but that's an insult online.

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    Kenji Moonfield · Internet & Trends CorrespondentI own a lot of things, Gloria. They're mostly handles.