Irish household wealth hit by stock market crash in March
The combined wealth of Irish households fell by 11 billion in the first quarter of 2020 as the Covid-19 pandemic triggered a major stock market crash in March.
Central Bank figures show household net worth fell by 1.4 per cent to 791 billion in the first part of the year, down from a record high of 802 billion at the end of last year.
The drop was linked to a drop of 14.1 billion in the value of financial assets held by households, primarily due to decreases in the value of insurance and pens…
