Are you rich? New report defines what ‘rich’ means in France

A pile of 20, 50 and 100 euro banknotes. A new report has defined what ‘rich’ means in France
A new study has calculated what it means to be rich in France, a threshold that includes 5.1 million people

What does it mean to be “rich” in France? A new report defines it as having at least twice the national median income, and says that there are five million such “rich people” living in France.

The report from the inequality agency l'Observatoire des Inégalités is the first by the group to focus on the issue of wealth from a statistical approach.

The study seeks to define a “threshold of richness”.

It found that this equates to a wealth that is double the national median income (based on 2017 figures, which put the median at €1,735 per month for a single person).

Double this therefore equates to €3,470 per month after tax for a single person, and €7,287 per month for a couple with two children.

By this measure, 5.1 million people in France would therefore be considered “rich” - around 8% ...

To read the remaining 85% of this article, you need to either

Subscribe now to The Connexion and benefit from access to our archived articles since 2006

Print + Digital 3 month subscription

Pay every three months. Our most flexible subscription.

Automatic renewal, cancel anytime

€14.25 to France - €18 to EU/UK - €19.50 to rest of the world per quarter including postage

Print + Digital 1 year subscription

1 year of great reading in print and online

Automatic renewal, cancel anytime

€55 to France - €70 to EU/UK - €76 to rest of the world per year including postage

Digital 1 year subscription (Our best value offer)

1 year of great reading online *no paper*

Automatic renewal, cancel anytime

Digital 3 month subscription

3 months of great reading online *no paper*

Automatic renewal, cancel anytime

More articles from French news
More articles from Connexion France
Other articles that may interest you