A family on the average wage would have to bank every single penny for 43 years to reach the wealthiest 10 per cent. The entry price to become one of the wealthiest 10 per cent of families is now £1.2m. A typical family, with an income of just over £28,000, obviously can’t expect to make it into that elite bracket.
But even a family doing particularly well, with an income of £60,000, putting them in the top 10 per cent by annual income, would have to save everything for 20 years to reach the wealthiest 10 per cent. Or, to put it another way, they will never get there.
This year, average wages are set to be flat. British households, meanwhile, are in the middle of a projected four-year income stagnation.
https://www.newstatesman.com/politics/uk/2018/02/how-solve-uk-s-wealth-inequality-problem
But even a family doing particularly well, with an income of £60,000, putting them in the top 10 per cent by annual income, would have to save everything for 20 years to reach the wealthiest 10 per cent. Or, to put it another way, they will never get there.
This year, average wages are set to be flat. British households, meanwhile, are in the middle of a projected four-year income stagnation.
https://www.newstatesman.com/politics/uk/2018/02/how-solve-uk-s-wealth-inequality-problem
No comments:
Post a Comment