Slovakia exhibits the lowest level of wealth inequality among OECD nations, largely attributed to high rates of homeownership. The wealthiest 10% of Slovak households own approximately one-third of the country’s wealth, a significantly lower proportion than in the United States, where that same group controls three-quarters. The Organisation for Economic Co-operation and Development (OECD) cautions that rising property prices and increasing mortgage rates could hinder access to homeownership, particularly for younger generations. This could potentially widen the gap between homeowners and renters. Despite these challenges, a majority of Slovak households already own their homes, contributing to the relatively equitable distribution of wealth. The OECD report highlights the importance of affordable housing policies to maintain this balance and prevent future wealth disparities. Continued increases in housing costs and interest rates pose a threat to Slovakia’s current position.
