Figures released by the Office for National Statistics (ONS) in December 2012 examine the distribution of private household wealth in Great Britain in 2008/10, focussing specifically on the characteristics of those households in the top 10% of the wealth distribution.
The key points are:
- The wealthiest tenth of households owned more than 40% of overall wealth and were over 850 times wealthier than the least wealthy tenth of households
- A household required total wealth greater than £967,000 to belong to the wealthiest 10% of the distribution
- The south-east of England had the highest percentage of ‘wealthy’ households
- Over half of the combined wealth held by the top 10% of households was private pension wealth
Click here for ONS news release