Wealthy

• The median net wealth for individuals aged 16 to 34 in the euro area is €24,600, though figures vary significantly by country. • Slovakia reports the highest median wealth for this age group at €74,600, followed by Estonia, Czechia, and Lithuania, despite these nations having annual earnings below the EU average. • Among the EU's four largest economies, Italy leads with a median youth wealth of €53,500, far exceeding France (€27,700) and Spain (€23,700).

Resolution Foundation report says ‘crisis’ stems from rising ill-health and a failing system of benefits and job supportBritain has the third-highest rate of young people not in work or education among Europe’s richest countries because of rising ill-health and a failing system of benefits and job support, a report has warned.The Resolution Foundation thinktank said the UK was facing a “crisis” in youth jobs amid a dramatic rise in the number of 16- to 24-year-olds who are not in education, employment or training (Neets) to almost 1 million – the highest level in more than a decade. Continue reading...

High-net-worth residents of UAE heading to Ireland and France to wait out missile attacks before tax year endsWealthy UK nationals fleeing war in the Gulf are seeking sanctuary in countries such as Ireland and France to avoid hefty tax bills back home.In the face of possible demands from HM Revenue and Customs, high-net-worth individuals who had been living in the United Arab Emirates and neighbouring countries are hoping to wait out the missile and drone attacks elsewhere rather than return to the UK. Continue reading...