These are figures never seen before: how much do Austrians typically spend? How big are the ten, twenty, etc. percent of the largest estates? Who are ‘the richest people in the cemetery’ who forgot during their lives that you should give warm hands and not cold ones? Plus: Read our big series on heirs.
Because there are no inheritance taxes in Austria, the statistical authorities do not have official figures on inheritances. But a dedicated economist from the Vienna University of Economics and Business has taken on the work of reviewing thousands of files from notaries and district courts. Result: For the first time, ‘Krone’ readers can discover how much the richest ten, 20, etc. percent inherit, what specifically they inherit (cars, real estate, valuables, shares, etc.) – and how many inheritances ultimately consist solely of out of debt.
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.
