Danish households’ financial net wealth increased in Q3 2020

Cristian Hatis 1 Min Read

The Danish households’ financial net wealth increased by kr. 362 billion in the third quarter and reached kr. 5657 billion in total, Danmarks Nationalbank reports.

The rapid recovery of wealth continued and now more than offset the historically large decline at the beginning of the year with a net increase of kr. 168 billion.

The average financial net wealth of a Danish household at kr. 2.07 million

However, the typical household has less wealth than this average, while a smaller proportion possesses larger wealth.

For example, the size of Danes’ pension savings varies greatly depending on age and income level etc.

Thus, the 10 per cent of Danes with the largest pension savings own 43 per cent of the total pension wealth.

By comparison, the 50 per cent of Danes with the smallest savings own just 8 per cent of the total pension wealth.

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