At least 10% of households in Malta can be classified as millionaires, according to new findings published by the Central Bank of Malta.The data comes from the latest Household Finance and Consumption Survey, offering a detailed snapshot of wealth distribution across the country.According to the report, the top 10% of households hold a net wealth exceeding €1.1 million, with the median net wealth of the richest 20% standing at €1.11 million. When looking at total assets before debt, this figure rises further to €1.17 million.For these wealthiest households, property remains important, but is not their only asset. Their main residence accounts for just over half (52.8%) of their real assets, with significant investments also held in additional real estate (36.9%) and self-employment businesses (8.2%).They also hold a median of €87,500 in financial assets, with portfolios that go beyond basic savings to include securities, mutual funds and listed shares, unlike lower-income households, which tend to rely mostly on bank deposits.Despite their wealth, the group reports a median gross annual income of €50,852, with median yearly expenditure reaching €18,000, the highest in the country.At the other end of the scale, around 6.6% of households in Malta own no real assets at all. The vast majority of households (93.4%) do hold some form of asset, such as property, vehicles or business interests.Households without assets are largely renters, with foreign-headed households particularly affected, recording a median real asset value of just €12,000 compared to the national median of €376,200.Regionally, wealth is not evenly distributed. Gozo and Comino, along with the Western Region, emerge as the wealthiest areas, with median net wealth of €506,000 and €505,000 respectively. In contrast, the Southern Harbour region records the lowest median net wealth at €253,000.Self-employed individuals are the wealthiest group overall, with a median net wealth of €597,500.Education also plays a key role. Households headed by someone with tertiary education report a median net wealth of €464,030, significantly higher than those with lower levels of education.Age is another major factor, with wealth peaking between 55 and 64 years old at a median of €454,700, typically aligning with the approach to retirement.The report also highlights the role of intergenerational wealth, with the richest households more likely to have benefited from gifts or inheritances.The findings are based on household-level data and rely on respondents’ own assessments of their financial situation.What do you make of these numbers?•