Number of millionaire households in Ireland has more than doubled in past eight years

The number of millionaires in Ireland is on the up.

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While many of us face into an uncertain winter of high energy costs and cold houses, the number of people without such worries seems to have exploded.

Over the past eight years it has more than doubled, with 12 per cent of households worth 1 million euro or more.

Property prices, higher rates of employment and increases in savings were listed as some of the reasons for the jump.

The Central Bank data estimated around 223 thousand households in Ireland are currently millionaires.

But before you've lost all hope, the figures don't mean that everyone in a certain household is a millionaire.

It means those households have a net wealth of a million euro or more.

To break it down, the Independent explains "the value of what they own minus what they owe makes them paper millionaires, according to Central Bank data."

A small consolation, perhaps!