Home owners in Ireland have 57 times the net worth of renters, according to the latest figures.

The average owner-occupied household has a net worth of €303,900 compared to €5,300 for those who rent or do not pay rent at all.

The richest 10% of all households had a net worth of more than €788,400, while households in the bottom 10% of the net wealth distribution had a net worth of less than €600.

The Central Statistics Office’s (CSO) Wellbeing Survey 2023 shows that non-homeowners have a 42.1% at-risk-of-poverty rate, compared to 7.2% for home-owners. This is despite the overall at-risk-of-poverty rate falling from 22% in 2022 to 18% in 2023.

The number of single-parent families worried about making ends meet rose from 9.7% in 2022 to 17.9% in 2023.

This compared to 5.8% for households with two adults and one to three children under the age of 18.

Overall, Irish people reported an improvement in overall life satisfaction, which rose from 24.4% in 2022 to 28.9% in 2023.

The highest rates of life satisfaction are among those aged 65 and over, where 35.8% say they are satisfied with their lot. Just over 30% of 16-24 year olds say they are happy, but 25-64 year olds are the least happy, with just 26.7% reporting being satisfied with their lives.

A higher proportion of men (32.1 percent) reported high levels of overall life satisfaction compared to women (25.9 percent).

Average weekly earnings increased by 24% between 2018 and 2023, from €722 to €896.

The amount of money the Government has compared to what it owes has halved since 2019, from €180 billion to €90 billion in the second quarter of this year.

In 2024, 80% of people aged 15 and over were satisfied with the way democracy works in Ireland, compared to the EU average of 58%.

CSO statistician Morgan O’Donnell said Ireland’s welfare indicators compared well with their EU counterparts.

He added: “This latest update of the CSO Well-being Information Hub provides an overall positive picture of life in Ireland, with most indicators improving or remaining consistent over the long term. However, some groups performed less well than others.”