One in ten families in Belgium are dollar millionaires, 57,000 families have wealth exceeding $3 million and both numbers will double in the next 6 years
Upon his return from a two week trip to Europe, my friend Philippe Boets from Petanque America brought back an old fashioned Belgium newspaper that I gratefully accepted.
I have to admit that spelling through a newspaper from A to Z is something I haven’t done in a couple of decades, but it gives you a much more indepth relation with the locale you’re reading about. From crime to entertainment and from politics to business stories, after reading every single article or column that caught my interest, I felt that I was there and recognized the rhythm of the land I grew up in.
Not homesick, on the contrary, just a genuine relief in knowing that underneath the surface of words and pictures the reasons for my departure so long ago are still valid. Great for a visit, but not for a lifetime.
One thing I noticed however in the left bottom corner of page 6 a short story tucked away as if it was too blatant to expose, that said: One out of every 10 families in Belgium is dollar millionaire as there personal worth exceeds 700,000 Euro. In 2017 that number is expected to increase to 1 in 7 families. What is called the super rich in Belgium are families with a wealth of at least $3 million (quite different from US standards) the country counts 57,000, a number that is projected to double in the next 6 years.
I do wonder if there is a recession in Belgium as it turns out the the unemployment rate over 2009 was the lowest in seven years at right around 7%. Looking over the past 20 years however it turns out that Belgium’s unemployment percentage always hovers around 6-9%, come rain or shine. Economically that is.