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Household total net is the net worth for individuals living together in a household and is used as a measure in economics to compare wealth. The household net worth is the value of total assets minus the total value of outstanding liabilities, these are current obligations of a household arising from past transactions or events.

Disposable income

Household financial net worth is the balancing item of their financial balance sheet recorded at current market values. The total net worth is measured as a percentage of net disposable income.

Purchasing power parity

The United States Census Bureau collects uniform data on household income since the 1960s.[1] The United States Census Bureau undertakes an annual Current Population Survey (CPS) and publishes detailed information on household income.[2]

The financial net worth of a household is calculated as the ratio of financial net worth of households divided by the number of individuals in the country, in United States dollars at current purchasing power parity.[3]

Household wellbeing

The household net worth can be assessed by taking into considerations factors that contribute to the household wellbeing, such as access to finance, debt default, and measures of economic security.[4]

Top 10 countries with largest household net worth

Household net worth
Source: OECD[5]
Country % of net disposable income, 2017
 Belgium 699.4
 Netherlands 687.9
 United States 683
 Canada 585.1
 Denmark 582.8
 Sweden 578
 France 553.7
 United Kingdom 499.9
 Germany 468.9
 Austria 444.1
 Australia 434.3
 Luxembourg 423.7
 South Korea 365.5
 Czech Republic 349.3

See also

References

  1. ^ Deirdre Pfeiffer; Markus Moos; Tara Vinodrai, eds. (2017). The Millennial City: Trends, Implications, and Prospects for Urban Planning and Policy. Taylor & Francis. p. 41. ISBN 9781351805384.
  2. ^ Edward N. Wolff (2006). International Perspectives on Household Wealth. Edward Elgar Publishing. p. 1. ISBN 9781847203175.
  3. ^ "Is Your Net Worth Higher Than Average?". Forbes. August 15, 2018.
  4. ^ Deirdre Pfeiffer; Markus Moos; Tara Vinodrai, eds. (2017). The Millennial City: Trends, Implications, and Prospects for Urban Planning and Policy. Taylor & Francis. p. 41. ISBN 9781351805384.
  5. ^ "Household net worth 2017". www.data.oecd.org. Retrieved June 19, 2019.


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