The Belgians have lost €102 billion
According to figures just published by the Belgian National Bank, the collective wealth of Belgian families dropped by €102 billion in 2008.
Belgium has been hard-hit by the global economic crisis. Altogether the Belgian families saw their savings and investments shrink by €90 billion in 2008 to the lowest level in four years.
Debts, especially mortgage loans, grew by €12 billion. The wealth of all Belgians put together shrank last year by €102 billion to an estimated total of €610 billion. This includes investments and savings minus debts.
The financial wealth of Belgians dropped down by €102 billion in value. This is a loss of about €57,000 per Belgian.