Property News · December 3, 2012

Richest 10% of UK households own 40% of wealth, ONS says


Top 10% of households are 850 times wealthier than the bottom, a report by the Office for National Statistics revealsThe bottom 50% of households in Britain have just £4,400 of cash, property and pensions compared to the £1.2m held by the top 10%, according to an Office for National Statistics report which lays bare the vast disparities in wealth across the UK.The top 10% of households are now 850 times wealthier than the bottom 10%, the ONS said. It also revealed that half of UK households have just £400 in net cash at hand, compared to the £123,200 in cash balances typically held by the top 10% of households. Continue reading…

Source : theguardian.com
Read more…Richest 10% of UK households own 40% of wealth, ONS says

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