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The Platinum Generation – Platinum Life

Platinum Wealth

Platinum Wealth

  • The wealth of the richest 1% of households is more than £3.6 million
  •  For most net financial wealth is the smallest component of wealth. However, financial wealth is more prominently held by the richest 1% of households, which is greater than for the entire bottom 80% of the population.
  • Median wealth at £553,400 is highest for households whose head was aged 55 years to under the state pension age; being 25 times higher than those aged 16 to 24 years. Household median wealth was highest in the South East at £503,400.
  • The wealthiest group with a median household net wealth of £489,300 was where the head was retired, they also had lower expenditure, more stable primary income source, and were more likely to withstand impacts to household finances.
  • Physical wealth was the main wealth component for the least wealthy households. For the most wealthy, pension wealth was the largest component; the top 1% held average median household pension assets of around £2 million.
  • The latest available information shows median household net wealth in Great Britain at £302,500, a marginal increase on the previous period but a 20% increase compared with July 2006 to June 2008, after adjusting for inflation.
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