2020-02-11

Inequality in Austria

A new study about the public opinion in Austria shows:

  • 80% think the super rich don't pay a correct share in tax revenue
  • 73% want a wealth tax for wealth higher than 1 Mio
  • 72% want an inheritance tax for large inheritances
  • 80% think that you can get wealthy only by inheritance but not by paid work
  • 90% think that the super-rich can buy political influence

see: Millionärssteuer: Einstellung der Österreichischen Bevölkerung zu Vermögenssteuern, Jänner 2020, IFES -Institut für empirische Sozialforschung GmbH. / GPA

Wealth Distribution in Austria 2017:


For more information, see:

Austrian National Bank: Eurosystem Household Finance and Consumption Survey 2017

Important findings:

  • Wealth is less equally distributed than income
  • In Austria, the distribution of nonfinancial assets is about as unequal as the distribution of financial assets and not more equal, as is the case in many other countries
  • In Austria, the distribution of inherited wealth is much more unequal than that of wealth in general
  • In Austria, households with very low net wealth can be found in all age groups
  • The share of owner-occupiers is particularly low and decreasing in Austria
  • The distribution of net wealth in Austria is among the most unequal in Europe