Household wealth: Aggregate household wealth in Britain soars

As the latest report found, household wealth in the UK has become by the biggest sum since records started.

As per research by Lloyds Bank Private banking, rising property prices and the increased value of individuals’ financial assets helped household wealth to increase by £1.5 trillion (19%) last year (2014).

As understood the reports, this is the greatest jump since records began in 2001.

The figures demonstrate that individual family units have seen their wealth increase by £126,572 on average following 2004, remaining at an expected £326,414 in 2014.

Since 2004, aggregate wealth held by families has grown by £3.9 trillion (75%) to £9.1 trillion.

Figures additionally uncover a nation that is exceptionally separated regarding rich and poor; 20 per cent of the wealthiest people have 105 times more wealth than the poorest 20 per cent.