UK Wealth Gap Widens Over the Last Decade

The UK’s wealth gap has been widening over the past decade, a report says.

Think tank the Resolution Foundation estimates 1% of adults, some 488,000 people, own 14% of the nation’s assets – worth about £11 trillion.

At the other end of the financial scale, 15% (7.3 million people) either own no assets at all, or are in debt.

The government has responded to the findings by insisting that income inequality is at its lowest level since the mid-1980s.

BBC

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