The Luxembourg Household Finance and Consumption Survey: Results from the fifth wave in 2023

Abstract: 
This report presents the main results and underlying methodology of the 2023 wave of the Luxembourg Household Finance and Consumption Survey (LU-HFCS). Between 2021 and 2023, household net wealth declined, especially in real terms. Declines were broad-based across various types of households, reflecting declines in value of both real and financial assets. However, household debt also declined. There were no significant changes in income or wealth inequality. 
Keywords: Household, survey, wealth, income, assets, debts. 
JEL-Codes: D31, D14, C81, C83.