Trends in the Distribution of Wealth in Britain
Trends in the Distribution of Wealth in Britain
This chapter describes the results from different sources examining the distribution of wealth in the UK and how it has changed over time, including long-run series based on the value of people’s estates, the new ONS Wealth and Assets Survey, and our own analysis of data from the British Household Panel Survey (BHPS). It presents a picture of wealth distribution in Britain today, looking not just at differences between the wealthiest and the least wealthy, but also analysing those between and within social groups defined by age, housing tenure, and occupational social class. As well as looking at what has happened to relative wealth differences—such as the percentage shares of the total going to the top 1 per cent or 10 per cent—we also examine the growth in absolute differences between those near the top, in the middle, or at the bottom.
Keywords: wealth distribution, wealth inequalities, trends in inequality, wealth and age, housing tenure, social class
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