It suggests that the net wealth of homeowners declined by 6 percentage points more than the wealth of renters. The decline was especially marked for homeowners with mortgages, for whom it amounted to as much as around 20 percent. Chart 7 Growth of median net wealth by housing status, 2011-14 (HICP-adjusted; percentages)  Source: Household Finance and Consumption Survey, waves 1 and 2.
Note: The chart shows the growth rates of the median net wealth in the euro area for outright owners, owners with a mortgage and renters from 2011 to 2014, deflated by the HICP. Assessing the overall implications of these many dimensions of heterogeneity is challenging. Recent ECB research suggests that the most important dimension of heterogeneity is related to employment status.