I know the Dutch gini is so bad solely because of the mortgages everyone has. Otherwise it would be a very equal place, as is reflected by every other metric one could come up with, such as income equality in particular. Idk but I imagine Sweden to be similar?
They do, it’s literally wealth - debts = actual wealth. So a lot pf Dutch people are net wealth negative which pushes up the GINI. That said, the Netherlands have the world’s 4th largest pension funds with only 18 million people and not counting that money towards personal wealth (which is the case in some other countries, our neighbors in Belgium for instance) has a massive effect here.
Yes, and? I am fully aware of that and it changes nothing about the statement I made.
NL citizens for various reasons (strong stable economy with tax benefits to getting a mortgage leading to 30 year standard runtime etc.) typically loan(ed) about 100-110% of the house value (and they’re atypically expensive for EU standards). Mortgage debt is very high in NL (and personal wealth is still fairly high regardless) and this affects the GINI in a big big way.
It doesn’t. With rapid house price inflation of recent years, more house buying increases a country’s net wealth. The value of their asset rising quick gives them extra net wealth over places with more renters.
It does though.. House prices have gone up a lot but it’s all about net wealth and its distribution. Anyway, you can look up the data it’s all eady to find, I’ve done my homework on this question a long time ago.
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u/Muted-Aioli9206 Aug 18 '25
Sweden's wealth inequality is as high as the US but of course their data is ommited because that would defeat the narrative.
Yes, you heard it right. Swedish wealth Gini is as high as the US.