Funding the Future Who are the wealthy?
Jul 15, 2025
Delve into the stark disparities of wealth in the UK, discovering just how much the top 1% possess compared to the average citizen. Explore the complexities surrounding the definition of wealth and the lifestyles that come with it, particularly in the upper tiers. The discussion underscores the pressing need for the wealthy to contribute more through taxes to address these inequalities. It's a thought-provoking look at societal fairness and the moral responsibilities tied to affluence.
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UK Wealth Inequality Is Steep
- Wealth in the UK is extremely unequal, with the top households holding vastly more than the bottom ones.
- The gradient rises steeply, showing increasing wealth concentration in the top deciles.
Per Person Wealth Highlights Gap
- Wealth per person is lower than per household due to household size but still shows huge disparities.
- Top 1% average £5.3 million each while the bottom 10% have almost nothing.
Bottom 10% Wealth Almost Zero
- The bottom 10% have just 0.24% of the wealth of the top 1%.
- Middle groups possess only a fraction, highlighting massive wealth inequality.