Office for National Statistics - survey on household wealth in Britain

Well, how are we all doing then? The Office for National Statistics has published its latest survey on household wealth in Britain. It’s over 170 pages long, so I have not read it fully. Will I ever?

Median (see the report for the definition) household net wealth was £204,500 in 2006/08. The wealthiest 20% of households accounted for 62% of total wealth and the least wealthy half of households had 9% of wealth. Perhaps unsurprisingly, the wealthiest area was the south east of England with a median household wealth of £287,900. The area with the lowest median was Scotland with £150,600.

In 2006/2008, an estimated 62% of households had a savings account, but 50% of those households (with savings accounts) had £3,500 or less in their account and 25% had £500 or less. Apparently, 5% of households own personalised number plates. The report says nothing about donations to charities.

Well, there’s a little light reading for you over Christmas

All the best

Finbar Cullen
ResearchPlus

http://www.statistics.gov.uk/StatBase/Product.asp?vlnk=15074&Pos=&ColRan...