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Europeans Are Getting Poorer, And More Unequal

By
Updated on
  • Survey of households shows wealth slid 10% from 2010-2014
  • Falling property prices were biggest driver of slump
A cyclist rides across a bridge as the skyscraper headquarters of the European Central Bank (ECB) stands beside the River Main in Frankfurt, Germany, on Thursday, Sept. 8, 2016.

A cyclist rides across a bridge as the skyscraper headquarters of the European Central Bank (ECB) stands beside the River Main in Frankfurt, Germany, on Thursday, Sept. 8, 2016.

 Photographer: Jasper Juinen/Bloomberg

Europeans protesting against inequality have half a point -- the gap between rich and poor isn’t closing.

Ten percent of euro-area households own more than half the region’s wealth, according to a European Central Bank survey published Friday. A standard measure of inequality increased “slightly” and almost all households were worse off in 2014, the cut-off for the survey, compared with the previous poll in 2010.