We come into this world with nothing. We leave it with nothing. In between, we can accumulate wealth.
According to the UK statistics office, at least a quarter of households can not even do that. Around 24 percent of families are upside down; their financial assets (bank accounts, savings, shares, etc) is less than the money they owe in loans.
Median net household wealth is about �5,000, which is in the grand scheme of global wealth accumulation is bugger all.
Around 80 percent of households have net financial wealth of �50,000 or less. Does �50k sound like a lot? Perhaps it is my la-di-da London upbringing, but that doesn't sound like much. It certainly wouldn't last long in the Capital.
So according to the UK statistics office, we come in with nothing, few of us accumulate much wealth, and we all leave with nothing.
According to the UK statistics office, at least a quarter of households can not even do that. Around 24 percent of families are upside down; their financial assets (bank accounts, savings, shares, etc) is less than the money they owe in loans.
Median net household wealth is about �5,000, which is in the grand scheme of global wealth accumulation is bugger all.
Around 80 percent of households have net financial wealth of �50,000 or less. Does �50k sound like a lot? Perhaps it is my la-di-da London upbringing, but that doesn't sound like much. It certainly wouldn't last long in the Capital.
So according to the UK statistics office, we come in with nothing, few of us accumulate much wealth, and we all leave with nothing.
Tag :
UK,
UK economy
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