It’s one of the biggest mysteries: how much do Austrians inherit? What wealth do the top ten percent of heirs receive on average? How many are still in debt? And what does the “typical inheritance” actually look like? The “crown” has the numbers.
Because the tax authorities in Austria do not collect inheritance taxes, there are no official data on inheritances – not even from the Central Bureau of Statistics Austria. But an economist from WU Vienna and her team have now evaluated thousands of inheritance procedures – and are making the results available to ‘Krone’ readers. In a clear table we show for the first time how much the ‘richest’ ten percent of the heirs receive on average, how much the next ten percent, etc. – up to the ‘poorest’ ten percent, who are even still in debt. Also: that’s actually how big an average inheritance is.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
