A report by Statistics Finland has revealed a big gap in how much money Finns have in the bank.
A quarter of adults had less than 770 euros in their accounts, while one in ten had more than 60,000 euros in deposits.
The median balance was just under 5,000 euros last year. Men had, on average, just over 800 euros more in deposits than women.
But the median tells a different story — women held about 1,300 euros more than men.
The median is the middle value in a set of numbers arranged in order from smallest to biggest, and provides a better indictor of wealth disparities than the average figure.
"This shows that deposits are distributed more unevenly among men. At the top end of the distribution, among those with the largest deposits, men outnumber women," said Veli-Matti Törmälehto, a senior researcher at Statistics Finland, in a press release.
Older Finns had the most money in their accounts. Half of those aged 85 and over had more than 31,460 euros in their accounts. Among 18–24-year-olds, half had less than 1,240 euros.
The statistics also show that more than a third of Finns own funds or shares. The number rose by almost 100,000 from the previous year and by around 680,000 over the past decade.
Women are slightly more likely than men to own mutual funds, while men are more likely to own listed shares.
